Hahaah where are u stonenut when the price is around 0.26? Why shout and bising2 now? If you really concern of all you should shout and bising2 back then. Why now? When everybody talk good about suma suddently out of nowhere you come and make all sort of noise. Funny funny. You think we dont know who you are and your purpose here. Hahahha. You wont get it.!

Based on chart its look good unleast there is a pullback. On monday it is bullish and this counter will keep go up with the support of Institutional Buyer. Just got some news when lepaking with a few friend just now.

Because Suma before this is not an Oil & Gas company. Now its not only oil & gas company but also on the route to because independent upstream oil & gas player.

hahah funny stonenut. ada lagi org mcm ni dalam trade suma ni.

Derrickinvestor, im in oil & gas and i also ask a lot of our friend from the same field, the conclusion is that they told me suma got a lot of prospect and once it exit PN17 it will shoot above RM 1 with the support of institutional buyer. And one more thing i cannot share here as nanti i kena buang keje ma. But sure it will go beyond RM 1.

monday will fly again and tuesday holiday.

MAS needs to go private, Dr M tells government

SHAH ALAM, July 11 — Tun Dr Mahathir Mohamad reiterated today his calls to privatise Malaysia Airlines (MAS), insisting it is the best way for the crippled flag carrier to get out of the red. The former prime minister who had introduced the concept of Malaysia Inc added that the government is in “denial” by refusing to accept that the national airline is not doing well. “MAS, I think should be privatised. There are many ways to privatising and we can perhaps get some expertise from elsewhere but what is happening is that despite promises to turn around, things got worse. “I think there comes a time when you have to accept that you are in denial that you refuse to accept the fact that you are not doing well,” he told reporters, after launching the book, “TPPA: Malaysia is not for sale” at the Karangkraf headquarters here. Dr Mahathir had called for MAS to be privatised as far back as last year, before the airline’s misfortunes plunged further with the mysterious disappearance of Flight MH370 in March. In an interview with the Malaysian Reserve last month, Malaysia’s longest-serving prime minister of 22 years, not only said MAS should be privatised, but specifically by Malaysians who have experience in the aviation business and who can work with the national carrier’s powerful unions. He had said that privatisation would offer the best chance for the airline to turn around because it needs a radical restructuring from top to bottom. “Therefore they should accept other processes like privatisation. “I think in this country there are a lot of people with expertise,” he clarified today, when asked if he meant foreign expertise should come into the picture. MAS recorded a net loss of RM2.52 billion in 2011 following the slump in the aviation sector especially for cargo service. Besides, operating cost especially that of fuel had spiralled while non-fuel cost climbed on capacity-related costs, marketing, maintenance and provisions for phased out aircraft. MAS had said that it is considering all options for a radical turnaround plan, including privatisation.

See more at: http://www.themalaymailonline.com/money/article/mas-needs-to-go-private-dr-m-tells-government#sthash.6sKNufQQ.dpuf

im working with that Pet...so far no project yet.

Thanks Yk John for the prediction and share with us the charting signal. :-)

The price will shoot to a new high next week.

this crazy crazy and crazy. with this asset sumatec on the way to become giant in oil & gas industries.

Highlight : Sumatec to buy Borneo Energy Oil and Gas for US$250m (RM796m)

KUALA LUMPUR (July 11): Sumatec Resources Bhd plans to buy the entire stake in Borneo Energy Oil and Gas Ltd in a cash and share deal valued at US$250 million (RM796.45 million).In a statement today, Sumatec CEO Chris Dalton said the firm had signed a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin for the purchase of Borneo, which owns marine oil and gas fields in Kazakhstan."The framework agreement gives Sumatec the access to all data and information regarding parties to and assets under the proposed acquisition for technical, legal and financial due diligence purposes.

"Subject to satisfactory results from the due diligence investigation and other independent study on the assets, a sale and purchase agreement is expected to be executed within six months from today. The purchase consideration is to be satisfied in cash and shares," Dalton said. Borneo owns 100% in Buzachi Neft LLP, a company incorporated in Kazakhstan. Buzachi is an independent upstream oil and gas firm undertaking exploration, production and trading of oil and natural gas.Buzachi has two 25-year subsoil use contracts, which are valid till November 2026. The contracts are for the exploration and production of oil and gas in the Karaturun Vostochnyi and Karaturun Morskoi fields. (Buzachi fields).The Buzachi fields comprise 26 wells, of which, five are currently in production.“Buzachi fields present a very attractive proposition to Sumatec. The 2P reserves reported to be 68 million barrels of oil are sizeable and they fit in nicely within our new asset selection and acquisition criteria."About USD80.0 million has been invested over the years by Buzachi to develop the fields.The fields which started production in 2007 are currently producing between 400 and 600 barrels of oil per day, which means Sumatec can easily ramp up production as soon as it completes the proposed acquisition," Dalton said.According to Dalton, oil transportation is convenient as the fields are located 180km from the main Uzen-Atyrau-Samara oil pipeline.Dalton said the proposed acquisition of Borneo Energy Oil and Gas was the first step for Sumatec to become a large independent upstream oil and gas company."We have just completed the acquisition of interest in the Rakushechnoye field last November which has 42 million barrels of oil under 2P reserves."With this acquisition, Sumatec will have access to a combined 2P reserves of 100 million barrels of oil or more, which can potentially contribute to as much as USD2.5 billion in operating profit to Sumatec over the next 10 years,” Dalton said.

yeah lo...i hold a lot at 0.270. But i willing to add more and average up if the price go down.But for day to day all the good news coming in. What to do..im a bit tamak and what i have never enough. I want more and more. So im hoping for the price to go down. previously got hope because the chart showing bearish sign with this announcement i hope it wont kill the moment. :-(

i hope it go down to collect more. :-(

arghhhh why i did not attack more even average up more. shittttt now im so angry. Tomorrow sure limit up. :-( .Aiyo arghhhhhh.

PM’s brother joins Sumatec board

KUALA LUMPUR (July 10): Datuk Ahmad Johari Abdul Razak, the brother of Prime Minister Datuk Seri Najib Abdul Razak, has been appointed as an independent and non-executive director on the board of Sumatec Resources Bhd.

In a filing with Bursa Malaysia today, the oil and gas group, in which tycoon Tan Sri Halim Saad holds some 25% of shareholdings, announced the appointment of Johari, who has a direct interest of 1.92% in the company, as at June 30.

Johari sits on the board of several public listed companies, namely Ancom Bhd, Hong Leong Industries Bhd, Daiman Development Bhd and Malaysian Resources Corporation  Bhd.He also sits on the board of Deutsche Bank(Malaysia) Bhd and Daiman Golf Bhd, and is a partner in legal firm, Shearn Delamore & Co.

Sumatec is currently listed as a Practice Note 17 (PN17) company on Bursa Malaysia, which refers to companies in financial distress, and as reported earlier, will submit its application to uplift itself from its PN 17 status, by August this year.

Source : http://www.theedgemalaysia.com/business-news/298352-pms-brother-joins-sumatec-board.html

hahahah. I go with Holland maaa. Argentina slow. Like suma. so slow mau naik. Holland sekali henjut kasi spain out maa.hahahhaa

hahahah AT aku bangun for Sahur & World Cup maaa Holland vs Argentina. :-)

what are you talking stocking ? i already stated here :

izoklse possible to go below 0.16 and maybe stop at 0.15 or 0.14 before shoot back reach above 0.2.hehehehe.
19/06/2014 21:13

As i told you all already. It will go down below 0.15 to ensure the stakeholder can get as much share as they can before the next push. It is normal in share market and the way to collect more before the next push. I told all already on 19/06/2014 and time 21:13 . Aiyo

hope it go down to collect more. :-)

aiyo that one history already. Future might be different. A lot of possibility & opportunity. Grab the opportunity before it come and dont chase it when it go.

oit RM 2 ?? how come that high la. in fact too high.heheheh

yeah i agree with ggecko and superfortunebull. Now MAS become new darling of bursa malaysia and now become more speculative and invite more punter. Tomorrow dont how market will react to the news and whether they will wait and see or they will attack first when it still cheap like right now because they anticipate the price will jump high when the actual news out.

Just watch it in TV where Liow Thiong Lai Transport Minister today has instructed Management of MAS to table or present to his ministry MAS Recovery Plan and their restructuring Plan by this week. He said MAS cannot continue of losing money and the management must come out with a plan for the survival of the national airline.

Huraiiiiiii MCA president or New Transport Minister Instruct MAS to present their New Recovery Plan by this week.Huraiiiiii no wonder a lot of people interest buying this counter and the support level are very strong. This week potential this counter to shoot or explode. Huraiiiiiiii. Now i start to like this new MCA guy.

lamanya consolidation

Good explanation AdCool :-) . Thanks for the info :-)

awang87 Union OK for MAS to be privatize but not at current price. Because they will lost a lot of money especially what they invested in 2013 around 3 billion.

Its going to be a very big decision that khazanah & Govt have to make in order to safe MAS. Since Union also did not agree to privatize MAS. And now Minority shareholders also not agree to the plan.This is a huge task for Khazanah & MAS. One of the way is to downsizing staff/asset , forge alliances with other airline or selling a stake in MAS to other airline.

First got info from insider and its also appear in Focus Malaysia this week edision which make the info more convincing and strong.I think that is also one of the reason Nazir Razak coming to the board of Khazanah in SEPT 14 which could also become one of the strategy to cool down the share holder by his new plan or direction for MAS.

yeah got info that all the minority shareholder did not agree for it to be privatize.So how khazanah would go with this. If let say minority shareholder did not agree then can or not board agree on the privatisation of MAS ? really dont know about this .

yeah i agree with BumbleBee. Previously i like to come to this thread but now feel bored joining this forum. its become funny day by day and become like cartoon thread. BOSAN la. no much usefully info about stock...chart...tp...and ....

SIA cannot ma...and will be a national issues if take SIA. Too risky. Arab partner more likely.

hahahah anbz nice one

Thats why a lot of minority share holders not agree for it to be privatize because they know the price will be only around 0.20 - 0.40. Because they will lost a lot. In order to privatize MAS, i think the major shareholders which is khazanah need a certain percentage of agreement between them and minority shareholders before they set up a price to privatize MAS.

Yk John...i have strong feeling that it will break 0.35 next week based on this week volume. But on the other side chart not that encouraging.

hahah good one nitestayer & ayamtua. Have to study a bit the counter before i jump in. But not much la can attack.The higher i can attack pun only 500k. Since already hold so much MAS, SUMATEC, ETI, NICE, HUBLINE, PMHLDG,TMS... So for EAH i have to check first whether it is good to enter now or not.

emm not ready yet to jump into EAH la bro. Any special deal about EAH ?

yeah im stupid malaysian. so what with you ? you have problem with my stupidity ? i don`t stupidly called you stupid...so don`t stupidly called other people stupid as you also show your stupidity here.

Based on the statement above he confirm joining khazanah board. Huraiiiiiiiii. All the joy for MAS.

Source : http://www.nst.com.my/node/9256

Leadership change

NEW ROLE: Nazir to take over as CIMB Group chairman effective September 1

CIMB Group Holdings Bhd yesterday announced that Datuk Seri Nazir Razak is taking over as chairman of CIMB Group, effective September 1, fuelling speculation that his deputy, Tengku Datuk Zafrul Tengku Abdul Aziz, may assume the post of group chief executive officer (CEO).

The country’s second-largest banking group did not name who will take over from Nazir, who is relinquishing his current position on the same date, saying that a new group CEO will be announced once regulatory approvals have been obtained.

CIMB’s largest shareholder with 30 per cent stake, Khazanah Nasional Bhd, said it is appointing Nazir to its board of directors effective September 1.

In a separate statement, CIMB said current chairman Tan Sri Md Nor Yusof will retire from the group’s board and join its international advisory panel.

In an internal note to CIMB staff which was made available to Business Times, Nazir said the appointment is in line with his “love and deep commitment” to the organisation.

He said he has long aspired to be chairman of CIMB Group.

“I have spent my entire career with CIMB and have every intention of continuing with the firm for as long as I can... I look forward to spearheading the group in my new position,” said the 48-year old Nazir who has served CIMB Group for 25 years.

“I also felt that after 15 years as group CEO, CIMB will benefit from a new group CEO with fresh ideas and higher energy. I intend to work closely with the new group CEO to ensure his or her smooth ascension to the post and assumption of day-to-day operational leadership,

“There will inevitably be interest and speculation and more ‘interesting’ perspectives to our leadership transition plan. We will keep the suspense as short as possible and I will continue to helm the organisation, albeit in a different role, so no one should be unduly concerned. I am not going anywhere else (except that in tandem with chairmanship of CIMB, I will also be appointed to the board of Khazanah),” he added.

Since his appointment as CIMB Investment Bank Bhd CEO early this year, market talk has it that Zafrul has been picked as one of the five internal candidates to be groomed as Nazir’s successor.

However, Zafrul has dismissed the talk in interviews with the media.

Zafrul also heads CIMB Group’s Investment Banking Division and co-heads its Corporate Clients Solutions Division.

In its official statement, CIMB said it is taking the opportunity to reconfigure its leadership structure.

In addition to being chairman of CIMB Group, Nazir will also chair an executive committee of the board (to be established) that will focus on key strategic matters and enhance the board’s functions.

maybe jolie2 is not a frequent traveler. So he or she dont know how well MAS airline is accepted amoung the outstation & overseas traveler. Even when MH370 incident happen...every shock because it happen to MAS as everybody know who good their safety record it.So don't just simply jump into conclusion that one incident will totally destroy any chance of survival.

jolie2 MAS have a very good safety record until MH370 case and everybody know about it. And in airline industries even the most expensive airline also have to deal with a possibility of airline crash. Thats why when you ask a lot of oversea traveler, they are saying good things about MAS airline even after MH370 case. So don't just simply jump into conclusion that one incident will totally destroy any chance of survival.

Nazir Nazir Nazir...Hidup Najib Hidup Najib.heehhehe cant wait 1st September :-)

MAS will be a new darling of Bursa Malaysia.

i think static at 0.23. Just watch bloomberg tv and tv3 news that analysis said it will be privatize. But something struck me is that when the reporter interview one of the minority shareholder of MAS, the person did not agree for khazanah or govt to bring MAS to private because he said public/minority shareholder who bought and hold the share at higher price will be RUGI as khazanah will only privatize MAS around 0.20 - 0.40. Emmm very interesting as now minority shareholder also voice up on the privatization plan.

hahahahah when it not go as per your plan then blame game start. Blame govt...blame khazanah....even blame MCA hahahahha. This is Malaysian and Malaysia Shareholder or retailer. hahhahaha. Funny Funny. I thought the money is yours. And you are the one make decision to invest. Yet you blame other when you cannot get the return as per what you expect. Hahahahahahahah Funny Funny.

of course la company will reply not aware. U really dare to announce anything before Govt and Khazanah ? The info receive by overseas news is source from inside the company or whoever inside the deal process.

ok let see.

MAS a new darling of Bursa Malaysia :-)