The agreement was pending because of MCO which causing some legal works cannot be done. That is why government issued extension of the existing agreement. Government does not need to do the extension if they decided not to renew the agreement.

Furthermore, KWAP and KWSP already know the result of the agreement. Hence, you can see a huge acquisition by them last week.

Why many people so excited. It 's an accumulation process by smart money to shakeout weak holders so that it can break the resistance which RM1.53 .

Furthermore, the stock is rated as too undervalued by many hedge funds including EPF and KWAP. Just observe how smart money doing their magic in the afternoon when the counter open.

:)

Risk analysis below refers. No wonder big boys running away from this counter. Although I happy with the dividend, I 'm not sure where they get the money to pay the dividend. It seems somebody made decision to take the money out from the company when they detected problem in the company. This is not good. I hope I can sell higher price next week. Good luck to all of us.

Risk Analysis Summary of Complet:
- Price is *OverValued*, with Intrinsic Value @ 10% discount rate = RM 0.39 vs previous closing price @ RM 0.53.
- Dividend of 60.38% is not well covered by earnings (Potential Financial Manipulation)
- Highly volatile share price over past 3 months
- Shareholders have been diluted in the past year
- Does not have a meaningful market cap (MYR67M)

Surprisingly, people still talk about what everybody else already know. Everybody know that CIMB will be reporting negative revenue and losses in a few upcoming quarters. Of course, we also know that we can forget about dividend for this year. What you expect if you still have to pay all the operations cost including salary but negative revenue.

But we know that this counter will recover in 2022 if not as early as end 2021. Buy it for investment and you will get a good return in 2022. Business owners will start borrow more and will be more income to this bank after 2021.

News release : CMMT commits up to RM35.0 million of rental relief to support affected tenants.

Their normal earning is RM72 million. So, 72 - 35 = 37 million. Their operations cost is normally 26 Millions and buffer 10%, 2.6 million. So, 37 - 28.6 = 8.4 millions. Approximately 88% drop in earning. This is not detailed calculation and it could be worst. If they include Singapore to support affected tenants/business which not yet announce, probably worst and it could be negative income this year.

The announcement was no yet priced in the current price. I wonder how market will react next week.
But the good thing is, they announce it to the public which allow investor to reevaluate their strategy. I respect that and the right thing to do.

Good luck to all of us.

In other word, the news was saying that there will be shortage of supply. I wonder what will happen the palm oil price if they have shortage of supply.

Today is the last day we can short this counter. I wonder what will happen if we cannot short this counter any more.
: )

The fundamental of CIMB :
ROE = 8.11 %
DIY = 7.62 %
PE = 7.42



Clearly, share CIMB is too undervalued, which trigger Smart and big Money to trigger their accumulation exercise before tomorrow which short selling is no longer allowed.

Smart and big Money taking advantage of some news earlier by bring it down their prices and accumulate during pullback at at RM3.41 with total volume of 115,244. This causing the stock to be a few percentage cheaper than its previous prices which have value to hit (T1) RM3.81 and (T2) RM5 before they can start their distribution exercise.


So, what will you do if you working for big money ?
What they have been trained if they see a stock with undervalue radar?
Why do you see pattern of Big Money such as EPF started accumulating this stock for the past few days?

So, think

Does anybody know which Mahsing project being sued by their purchasers for defect and/or providing false marketing information including closing and converting club house to something else? If yes, is the damage more than RM250 Millions and is the damage covered by insurance?

Future,
It's already Wave 5... I believe you need to calibrate ratio setting in your program. Then you see the same chart seeing by all the smart money and Analysts.

Why worry. Sapura is the only company in Malaysia after Petronas has oil reserve which they just need to release when the oil price is right. Petronas cannot monopoly forever.

What make you think the Big Boys keep buying this company.

Weng77,
I will be fishing sharks because their value are higher. The chart just completed E.W. 5 and will reverse up to E.W. 1. All analyst and smart money are seeing the same chart next week and they see RM1.43 is coming.

Wow... Washout long exercise by big boys to clear all the ikan bills. They create bottom feeder for themselves.

Next week is Window dressing season and time to buy. Do Fishing before they start fishing.

More revenue for Icon Offshore -
Icon Offshore bags RM3.4m job with Petronas' PCPP

http://www.theedgemarkets.com/article/icon-offshore-bags-rm34m-job-petronas-pcpp

:(
It will be lower low everyday and worst for this week will be this Friday. People need to cash their money for raya and long vacation.
I hope it won't go back to RM1.3

:(

Mean more cost and less profit ?

:(

Icon loss about 6 Million as compared to last quarter RM146 Millions. Finally, they managed to reduce their OPEX.

If they maintain their current performance and with all their secured contract that they have now, they should be able to make profit more than RM150 Million in the next quarter.

The price is at the bottom range and I believe it 's good time to enter now.
Good Job Icon !

Wow. Beautiful EW 1. So correction at this level will be Fib 61.8% which is RM4.68. Awesome to go for short.

Junichiro,
It already hit 161.8% fibo. It will be rebound to EW wave 4 at 61.8 fibo between RM4.9 and 5.1. So good chance to enter now to make money

Wow... Double bottom. I hope the price not increase so much tomorrow so that can get some. Looking forward for their 4Q16.

Luckly I was in flight today and didn't manage to sell today. At least today profit can cover my flight and accommodation. But need to sell first thing in the morning tomorrow before all the robot start to sell their stock because of the bad quarter result.

Sharil bought 21,487,200 last Friday . What does it tell you? He needs to declare dividend to get the return. He can't simply sell the stock that he bought which can send wrong signal to the public.

SKPetro has a high correlation to oil prices as it also has oil production revenue. As long as the Oil price more than USD28, they already making profit. Assuming the Oil price is USD 50, Mean the making about USD22 per barrel. So, how many barrel can they produce FY17? 500 Millions? 1 Billions? 10 Billions? Your guess is as good as mine.

By the way, many analysts anticipating that the cheapest average oil price FY17 would be at least USD60. Therefore, if this counter priced less than RM2, it can be consider too cheap.

I don't think so. The big kaki that bought today most probably already know the incoming announcement.

And this counter too.

This year, icon seems to be the winner in the O&G industry.

Congrats to the new management of icon. Good Job !!!

Since the Turkey Airport owned by Malaysia Airport and such incident almost impossible to claim from insurance, will MAHB able to limit their losses this quarter?

Since almost impossible for them to declare profit for this quater, I hope the MAHB losses not more than 20% and hope it can recover them in the next following quarter.

My visitors alway get confused about KLIA2 and KLIA. If you ask anybody that came to Malaysia via KLIA2, they will say they came via KLIA and they will not mentioned KLIA2. As a result, they compare KLIA2 with other full service International Airport and they have perception that Malaysian International airport is the second worst international airport after Jakarta. All this because they see KLIA2 as KLIA and not LCCT.

Seems TF very smart which eventually will benefit to Malaysia Airport. The problem with Malaysia Airport, they always making decision based on thier convenient but not for their customers or users. The reason why they still making money because of airlines and not because of their services which really need to improved especially after the new CEO.

By looking at some of the negative messages, I think so many of us are very interested with this counter and know the actual value of this counter.

Since this counter price is too undervalued and we know this counter will shot-up more than RM2 whenever they have momentum, I think we should convince all the share holders to sell their share to us. We should tell them that it's end of the world and tell them this counter has high loan and the oil price will never go up anymore. We can also tell them that EPF keep selling this counter although we know that the EPF will buy back to protect their interest.

We should create a story that by 2020, all cars, airplane, ships,ferry, Genset, engine oil, electricity etc will use water to replace oil. In addition to that, tell them that crude oil that can only last less than 53 years, will be extended to 1000 years.

We need to work together to create the panic among the current share holders so that we can buy their share. Many of them do not know that this counter eventually will be more than RM2 before next quarter.

Bersatu harga naik, bercerai harga jatuh.

I 'm glad that I 've taken profit from this counter. By looking at all the negatives messages, I think so many of us are very interested with this counter.

Since this counter price is too undervalued and we know this counter will shot-up more than RM2 whenever they have momentum, I think we should convince all the stock holders to sell their stock to us. We should tell them that it's end of the world and tell them this counter has high loan and the oil price will never go up anymore.

We should create a story that by 2020, all cars, airplane, ships,ferry, Genset, engine oil, TNB etc will use water to replace oil. In addition to that, tell them that crude oil that can only last less than 53 years, will be extended to 1000 years.

Please sell you share to us....

Net profit increased by 102.95%. Wow. This counter really something. If they did well in 1q16, their net profit definately double in next quarter.

Since many fund managers say this counter will hit RM3 this year, do you think it can reach RM3 in this 3rd quarter?

I have a friend whom CEO of a company with more than 2,000 staff. His company have been using Maxis for few years. Recently, one of his staff told him that his family is using digi and the internet and calling rates are much cheaper compared to maxis.
Few weeks after the info, he decided to change all his corporate line to digi.Since the cost optimisation is so good, his board which have few companies under them with more than 10,000 staff, decided to change from maxis to digi. And I believe all of you heard similar story with your friends company and how long does it take for 50% of their customers to move another Telco?

So, the moral of the story, do not underestimate small fish. They can bring down big fish.

Technically, this counter should be up today.
The most oversold counter in KLSE today (RSI:20%)
Chances to rebound is higher today (MACD 12,12 :0.04%)
Chances for smart money to buy this counter is also higher and seems already gap up.

I miss the opportunity today. Oil price started to go up due to low output in US and many main oil producer agree to cut production.

Opec agree to stop their original plan to bring the oil price down. Now they are desperate to increase the oil price. If they can bring down the oil price before, they are the only one that can bring the price up again.

So, now it 's the time whack all oil counters mainly icon, skpetro and armada.

Now all the smart money updated. No more support...
Arggh..... Pray hard....

The good news is, some smart money is not updated with the news so their system still queuing for buying. I think, many Muslim staff that work with hedge fund still not come back from their prayers and their parameters are not updated yet.

The moment they come-back, they will update their smart money.

The loss is not -1.3 Million but almost -1.3 Billion.
Arggg..... Time to cut loss and buy back when it hit RM1.5.

Ongmarine,
I still have my share in Skpetro. I 'm not denying that Sharil is woking hard to ensure all his staff working harder. Unfortunately, he is not the only one working hard in O&G.
As for decision in O&G, the decision committee will prepare a decision case based on thier Chairman instruction. The chairman normally will choose company that they know and they can work with.

So, previously, Mahathir familiar with few o&g companies including skpetro. But now it will be replaced with somebody else and I believe unwritten rule has been given to him to ensure the company to select companies that have government interest.

The concept is, out left pocket, in right pocket. So the money remains in government control. Ekuinas is one of them.

Those already bought this counter, take this opportunity to take profit or minimal loss now.

Anyway, it's your money. If you believe that all the previous investors which have bad experience with this company are liars, by all means, buy this counter so that you will understand later how they feel.

Good luck.

We don't need their dividend and we know it won't happen unless they want to trap investor. if they return our money with few thousands lost or 30% - 20% lost is already consider lucky. Since this counter has very bad reputation and many of us know it heading to south, shall all of us short on this counter ? Maybe starting today at 91 cents and -10 cents subsequent days.

Those already bought, can you get out from this counter ASAP and let we play with the owners of this company. We need to give them some lesson not to bully ikan bilis like us.

By looking at the graph, it's nice setup to short at 91 cents tomorrow and 10 cents lower every subsequent days.

The dividend news is a honeypot to trap investors so that traders can make money. Anyway, this counter is very good for short trading but not for long trading. Have anybody short on this counter?

It will takes at least 2 weeks to get your TP - 30 cent and if you are lucky, it can rebound back to 50 cents in the next few years.
The question is, can you wait that long?

I believe the loss in this coming quarter is not so much and I don't think more than 400M. SKPetro can recovers all the losses in 4Q16 if not in 3q16.

When Mahathir is out from petronas, will be bad news for SKPetro. Shahril s' father very close to Mahathir As a result, other local companies like icon and Armada will get all the advantages.

It depends lor... If all the gang want to ride together, we can paint green lor. Now got 9 already. Should be enough to play. RSI is 18% already. Some more, the Big swinging dic€ agrees to play maa... EPF says they ready for another elephant.

We already have hunters, so you know what to do.

If you waiting for less than RM3, than you have to wait for 3q16 result. Still long to go...

So, seems this counter in hedge fund radar again. I wonder why many hedge funds suddenly interested with this counter. Anything interesting?

Brent Crude hit more than USD40 already and expected to up further. Since this counter is the cheapest and has potential to grow, I think now is the time to enter this counter. I will get 50K unit this monday. Joining you guys soon.