Wolverin3,
Sorry to ask this stupid question. Your nickname remind me of somebody. Do you own a Ferrari Workshop in PJ?

Armt,
Since you already checked my previous posts, How many people in this forum that you know has capability to transform rumour stories to a real story? Check my previous posts.

Alphajack,
I 'm not fortunate as you. I just work as "Maid" in my own house and my maids actually have better quality life than me. They can enjoy my Gym equipment which I hardly use those equipment.

To make it worst, I also work as "Maid" for my friends. My job start in the morning fetching them from their office for breakfast. In the afternoon, I have to fetch other friends as well for lunch and same goes to dinner.

I also work as caddy in the evening when my friend play golf. Sometime, I also work as Tourist guide when I take them for "Lawatan Sambil Belajar" in out station.

I wish I have career like you stay in the office.... So nice...

Badboy,
This counter will still experience downtrend regardless whatever I said in this forum. Market already anticipated that a few days before it happen. The problem with this counter, no fund manager willing to create support but it's supported by retail traders like us.

That is why when it down, it really go to the lowest support but I don't think it will hit less than RM2.

Armt,
I agree with you without any reference, the statement can be considered as rumour. But if you have friend that working as decision maker at MOF, you can check by yourself with them.

The rumour that I heard is that they have received letters of support from high-level officials in the MOF and various government agencies.

I was told that Government now also inviting another local ICT Company to provide the same service offered by MYEG. Why our government have to do that?

I wonder why MYEG still unable to resolve their technical issue. This issue forcing Government/Putrajaya have no choice to get another 3rd party to offer the same online services including worker permit.

http://www.thestar.com.my/Business/Business-News/2015/03/26/Issues-over-workers-permit-system-bogs-down-MyEG/?style=biz

The price of crude oil is ripping higher trading more than 4% to trade above $51 a barrel.

The latest spike in crude comes after reports that Saudi Arabia bombing Iran-backed rebels in Yemen.

http://www.businessinsider.my/crude-oil-price-march-25-2015-3/#I4H9vd8cElEtotYP.99

Another Middle East War Breaks Out: Saudis Begin Bombing Yemen, US Military Taking Action

http://revolutionradio.org/?p=96397

I did said Market already know that SapKen will still make decent profit despite this temporary condition which many of you do not believe the story. Today, it's no longer secret. But now, I 'm not sure if you still hoping the price to come down but I can tell you, buy this counter first thing in the morning to get better price and don't wait.

The big boys already have plan for this counter and it will up approximately RM2.5, RM2.8 and RM3.5.

As for Petronas contract, you can search in our local news as it's no longer secret and I have given the hint in one of my post. By the way,I'm not hired to provide news to you.

There is rumours in the market that the Son of Mahathir has been advised by the board to resign to ensure SapKen can secure more projects from Petronas - worth of Billions.

So, it's good news for SapKen as he has resigned. More projects that were delayed to be awarded to SapKen will be announced soon.

If it happen, you can expect the price reaching RM4.

Market has been talking about AAX that they probably will announce profit for the first time in the next quarter result. Their balance sheet looks better now.

Seems the price bottom was yesterday and it started to climb now...
I will acquire more on this counter and I believe it can go RM2.8 but it will rest at RM2.5 first.
Happy shopping and happy return..

Yes. Run BUY now before the big boys start pumps their money onto this counter.
Sapura Kencana making money/profit and soon will trigger fund managers to acquire in a large amount. 

Buy before the price increased to RM2.8 (6% GST excluded)

Good news. It 's a good opportunity to acquire now before smartmoney system triggered to acquire in bulk. Happy shopping...

Finally the result is out and some people already know the result since yesterday evening. Dividend is coming...

Interesting article

http://klse0.i3investor.com/blogs/STOCKHACKER/72669.jsp

It's typical strategy used by Fund Managers including big boys to bring the price down few weeks before dividend. It 's also good opportunity to get rid of Panic Sellers.

Airasia is expected to uphold its dividend policy of 20% payout from its net operating profits subject to capex requirements (established back in 2011). AirAsia usually only announce dividend payout by end April (not during 4Q result in Feb). For the past 4 years, AirAsia has been paying net dividend of 4sen for FY13, 24 sen (including 18 sen special dividend) for FY12, 5 sen for FY11 and 2.8 sen for FY10.

Bought at RM2.26.

Nasir Yahya,
I already offload last friday. Wish you all the best....

I believe market will blame the CEO if he fail to give dividend this quarter. And I don't think he wants to be in that position especially in this quarter.

If EPF stops buying this counter, they won't be able to enjoy better dividend...
:)

Loh Kok Wai,
EPF just acquire another 2Millions ++ last week and continue acquiring. They have almost 1 Billion of share on this counter and keep accumulating to enjoy dividend.

I just sold my MyEG today 5 minutes before the counter close. Time to enter this counter...

Wellingtons and EPF keep buying this counter because they are too undervalued and they know that the price will shoot-up after incoming quarter result when Airasia choose to declare their profit.

It 's a good lesson to Airasia not to over confident that their share won't go this low. The made a wrong choice to declare paper loss on their previous quarter to gain sympathy after the Indonesian incident.

Wellingtons and EPF are buying because it's cheap and just need to wait next quarter to return profit again.

The CFO made wrong decision by chosen to declare paper lost last quarter to calm the crash incident and was confident that this would not go to tgis low.

Tofuman,
Any news trigger Panic Selling is good for me so that I can enter cheaper next week before they announce their quarter result.

I can't predict the future. I can only depends on "rumors" from some of my uni mate which happen to be working at SapKen (Not director) , banks and fund manager.

Cheer bro...

Based on recent report by many analysts, SapKen Q1FY15 is still good but cannot say the same for Q1FY16 . Since some local banks have access to SapKen financial status and EPF partly own these banks, the banks & EPF would be better position to predict Quarter result of SapKen.

SAPURAKENCANA NOT AFFECTED BY PETROBRAS TROUBLE

Work for development activities already sanctioned, says Tan Sri Shahril Shamsuddin, President & Group CEO

http://s2.postimg.org/3n5rh56dl/Page_1_The_Edge_FD_Sapura_Kencana_not_affecte.jpg

US Dollar heading to a fall

http://www.nbcnews.com/id/14959939/ns/business-answer_desk/t/us-dollar-headed-fall/

If the USD return to less than RM3 per dollar, than Airasia will be able to convert the announced losses on paper to profit in actual P&L in the next quarter. If that to happen, double profit for Airasia.

Aiyoo.... another bad news...
Oil price rebound sharply (6%) after US Fed announcement...

http://www.reuters.com/article/2015/03/18/us-markets-oil-idUSKBN0ME03R20150318

Seems price for this counter will start to go up especially after the 1Q15 result... I hope not too late for me to join next week...

I think AllianceDBS already knows that SapKen 1QFY15 report is good and can afford to pay dividend for this quarter. That is why they talk about 4QFY15 which will only be released early next year.

The good news is, this report triggered panic sellers to sell their share today...Good!

SapKen eyeing 4 Billions contract by Petronas.

http://www.thestar.com.my/Business/Business-News/2015/03/17/MMHE-SKPetro-TH-Heavy-eye-Petronas-field-projects/?style=biz

I believe Petronas has been advised to make local company as preferred partner for this project.

Bro,
The "rumour" is already published in local media.

Not yet. No more bullet. Need to offload from other counter first.

You can expect the price to be more than double if they merge with Yinson. It appears that was the main reason for the two directors need to be at Yinson to influence the board for the merging idea.

No wonder many fund managers have been acquiring this counter for the past few weeks.

If what I heard is true, they can afford to pay the same dividend as last year.

Seems this counter is already oversold and less panic sellers. So, probably will be immediately rebound after oil price up.

Also found out that their revenue is ok for this quarter despite the low oil price...

Aiyoo... no chance to enter at RM2.2. :(

Further to my message above, we can save 3 Millions a year by resignation of the two directors. But since the Tan Sri M. bring few billion deals per year, we will lost few hundred millions a year of opportunity without them. So, which one you prefer?

I just found out today that not many of us understand implication of oil oversupply. Let me share with you and imagine if you will:

Do you know why the oil price still not at the bottom now although is already over supply?
Because we still have space to hold the supply.

Next question, what we will do if no space?
We create more space to hold the supply.

Another question, what if the cost to create the space more than the oil price?
We sale the oil.

If no demand for oil, what we need to do?
Sell it very cheap. We also need to stop all the contracts.

Can the contractor claim from insurance?
Yes, they can. Their claim is to cover cost to take back their asset and not more than that. But you can only claim a year later after you declare loss in P&L.

So, Insurance means no profit?
If you can make money out of insurance claim, many companies already declare loss in their P&L.

Bro,
Better Quit Iris Counter. The counter well known for trouble. The Senior Management desperate for sales but no sale so far. They also promote some construction material from australia which so expansive and not realiable. No market in Malaysia and until today not even one sale.

The worst was, they are building a Hostel to target university student in Technology Park Malaysia but they they just found out that the university also building their own hostel. So the project expected to be cancelled and they probbaly need to pay for some penalty.

So, in summary, the IRIS counter going to crash soon.

Summary of today's news about AAX:
- AAX expected to return profit by next quarter.
- AAX will resume route to Europe
- AAX sales in Australia is very good and profitable
- AAX cost has been reduced drastically
- The AAX price was at the bottom yesterday.
- Tecnical chart indicates the counter was oversold

http://www.smh.com.au/business/aviation/airasia-x-looks-for-comeback-in-australia-market-20150312-141ojf.html


As a result, big boys started buying today in a large volume. You may expect up tend starting today onwards.

Seems it gonna form double top. If that happen, it gonna crash to 2.48.

Big boys now decided to support this counter. Incoming quarter expected positive for the first time.

Patrick,
The news that you refer to was last year before Petrobras in trouble. Now petrobras in big trouble and most of their contracts can be terminated subject to oil price.

Bad news,
Petrobas terminating many contracts. Most of the SKPetro businesses are from Petrobas.

:(
Overbought. So now heading back to RM2.6. I hope it's not down to RM2.4,

If you go to KLCC or 1Utama, you will notice that not many people shopping there. But they still have to pay their rental and still make a lot of money. Since I believe you never been in any business, why don't you ask the shop owners how and when do they make money.
Their answer will be similar concept as airline business.

AAX is repeating AA history and eventually will be making more money. They have consistent good revenue but their OPEX and CAPEX are higher which normal for Initial setup.


I will definitely buy this counter if the trading match my trading setup.

Market react after the two directors resigned. The reason why this counter down because of the following reason: 
1-Ugly Quarter result expected. It seems blaming games already started. 
2-Low oil price - If the oil price less than USD60, I don't think their customers will issue work order.
3-Status of the existing contract - you only get paid based on work order. If the oil price less than USD60 for this year, no business for SKPetro this year.
4-Since no money, need to borrow money (USD currency )
5-If loan in USD currency, disaster!!!
4-Loss of business opportunity - Many business in SKPetro contributed by the Mahadir son.

But I still believe this counter will profit again in year 2017. Just need to wait 2 years for them to recover.