Do we need to worry?
Assam Baki cited the words
"false claims. criminal investigations. possible elements of corruption "

"We have to look into this as under the law, if claims are made and supply is not furnished, in principle this is a crime," he tol"

https://www.thestar.com.my/news/nation/2024/09/26/false-claims-among-aspects-of-macc039s-1bestarinet-probe-says-azam

ISSUE NO. (2)
https://www.nst.com.my/business/economy/2024/09/1105374/ringgit-breaches-430-level-against-us-dollar-hits-20-month-high%C2%A0
NEGATIVE FOR YTLPOWR RESULTS/PROFITS

ISSUE NO. (1) Sept 5 (Reuters) - Artificial intelligence computing giants Nvidia (NVDA.O), opens new tab and Microsoft (MSFT.O), opens new tab were sued in U.S. court on Thursday for allegedly stealing a small Texas company's data processor technology to help fuel development of AI products.
Plaintiff Xockets accused Nvidia and Microsoft of “rampant” patent infringement in the lawsuit, opens new tab, filed in Waco, Texas, federal court.
Xockets also said the companies violated antitrust law by conspiring with each other and with patent risk management company RPX to fix and drive down the price of Xockets’ technology.
“Nvidia and Microsoft are abusing their dominance and market power in AI in an attempt to pay little or nothing for the innovations of others that are used in their products," Xockets board member Robert Cote said

Just for sharing N discussions.
Should we worry over these 2 issues which can adversely affect YTLPOWR ??? :-

😎

Relief rally in Nvidia cannot hide likelihood stock has entered bear market territory after losing nearly $800 billion https://finance.yahoo.com/news/relief-rally-nvidia-cannot-hide-162938637.html

Relief rally in Nvidia cannot hide likelihood stock has entered bear market territory after losing nearly $800 billion https://finance.yahoo.com/news/relief-rally-nvidia-cannot-hide-162938637.html

Relief rally in Nvidia cannot hide likelihood stock has entered bear market territory after losing nearly $800 billion https://finance.yahoo.com/news/relief-rally-nvidia-cannot-hide-162938637.html
DESPITE REBOUNDS IT IS NOW IN BEAR TERRITORY

Hope to get fair feedbacks
Tqvm

https://www.fool.com/investing/2024/07/31/why-nvidia-arm-holdings-and-other-artificial-intel/
Hope to get feedbacks on the above . Tqvm

https://www.fool.com/investing/2024/07/31/why-nvidia-arm-holdings-and-other-artificial-intel/
Hope to get feedbacks on the above . Tqvm

https://www.straitstimes.com/business/chinese-solar-firm-forced-into-bankruptcy-as-supply-glut-bites

"Guys,
It seems more and more data centers are about to begin operation in South, Central and the North of Peninsula Malaysia.
All of these we need to worry about.
TAYOR"
EXCESSIVE CONSTRUCTION OF DATA CENTRES IN MALAYSIA ASIA N OTHER COUNTRIES.
REAL Risks OF OVERBUILT/SATURATION .
TOTAL POTENTIAL DATA CENTRE USERS MARKET MAY NOT BE BIG ENOUGH TO MAKE IT PROFITABLE FOR EXCESSIVE NUMBER OF DATA CENTRES. SOME MAY RISK BECOMING
WHILTE ELEPHANTS

What is the market outlook for Malaysia data centers?
Revenue in the Data Center market is projected to reach US$1.20bn in 2024. Network Infrastructure dominates the market with a projected market volume of US$0.73bn in 2024

https://www.cnbc.com/2024/07/26/nvidia-may-face-a-massive-technical-sell-off-chart-analyst-warns.html

Good to read both positive and negative news to be better able to make informed decisions

https://m.economictimes.com/markets/stocks/news/time-to-be-worried-about-overvaluations-in-equities-other-assets-jim-rogers/articleshow/108548546.cms
WORRIED ABOUT OVERVALUATION

https://m.economictimes.com/markets/stocks/news/time-to-be-worried-about-overvaluations-in-equities-other-assets-jim-rogers/articleshow/108548546.cms
WORRIED ABOUT OVERVALUATION

https://www.businessinsider.com/recession-4-times-more-likely-than-expansion-david-rosenberg-economy-2024-3

https://www.businessinsider.com/recession-4-times-more-likely-than-expansion-david-rosenberg-economy-2024-3

MY WORRIES
https://news.bitcoin.com/robert-kiyosaki-warns-biggest-bubble-in-history-will-crush-boomers-advises-buying-real-assets-like-bitcoin/

Hi

Waiting for its 1Q results. Scheduled to be announced latest by 31/5/2020.

Anyone got any idea ?

Good

Can start to accumulate.

Pantech : PETRONAS PERPETUAL MAINTENANCE CONTRACTOR AND EQUIPMENT/PARTS SUPPLIER

CORRECTION/UPDATE
KPF ALREADY SOLD 18M SHARES ON 24/7/19.
ALREADY CEASED AS A SUBSTANTIAL SHARE HOLDER.
BALANCE OF SHARE HOLDING IS NOW MUCH LESS < 23M.
MOREOVER EPF HAS BEEN BUYING/ACCUMULATING AND HAS NOW BECAME THE LATEST SUBSTANTIAL SHAREHOLDER

The sole one stop manufacturer/supplier of specialty stainless steel pipes, valves, etc for the Oil & Gas Industry on Malaysia . Also distributes to and represented in 68 overseas countries.
Licenced Maintenance and Upkeep Contractor for Petronas’s oil & gas fields’ drilling platforms as well as for its RM40 billions Saudi Aroma- Petronas PetroChemical Refinery in Pengerang, Johore
(completed and to commence commercial production soon)

Hence Pantech is a very safe, sound and viable proxy to investing in the Oil & Gas Sector as all the O&G companies (plus the Palm Oil Refinery companies) are sourcing their parts from Panech

Strong fundamentals and financials with growing profitabilities, low gearings and consistently high dividend yields.

Future business growth and profit prospects are good especially with the US Govt uplifting of restrictions to its exports to USA effective June (hence will improve sales n profits for its coming 2Q results (June – August) Plus increasing revenue contributions from the up and running operations of the huge Pengarang PetroChemical Plant.
(Petronas is among the top 30 largest share holders)

ASSUMING THE ORIGINAL DEPOSIT WAS RETURNED TO THE J/V CONSORTIUM, 40% HAD TO BE RETURNED TO THE CHINESE J/V CO.

ALSO, IWH'S PORTION OF THE ORIGINAL DEPOSIT WAS LIKELY FROM BANK LOANS WHICH RIGHTLY WOULD HAD TO BE USED TO REPAY THE BANK (SINCE THE J/V PROJECT WAS NEGATED)

ARE WE USING THE CORRECT FIGURE OF RM500M ADDITIONAL AMOUNT THAT THE J/V CONSORTIUM HAS TO PAY FOR THE REVIVED PROJECT ? IT IS ONLY LOGICAL THAT THE ORIGINAL REQUIRED AMOUNT OF RM741M HAS NOT BEEN PAID YET. EVEN IF PAID (THE LAST TIME BEFORE IT WAS CANCELLED) THIS ORIGINAL DEPOSIT MUST HAD ALREADY BEEN RETURNED UPON CANCELLATION.
HENCE IWH HAS TO FORK OUT RM744.6M (60% OF J/V) AND NOT JUST RM30M.

SUCH A HUGE CASH OUTLAY.

IS IT FEASIBLE FOR IWH?

(CORRECT ME IF I AM WRONG)

LEONG HUP SUFFERED LOSSES IN ITS 1ST Q RESULTS?

Recall what the "wise ex-banker said " in the interview :-

Mflour's big growth is in its flour milling business with its 5 mills (in Malaysia its the 2nd largest after Robert Kuok's Federal Flour ) PLUS 2 in Vietnam and 2 in Indonesia.

Mflour's businesses are diversified and that's good

CHICKEN PRICES FLUCTUATES AND ARE SEASONAL. PRICES WILL GO UP AGAIN NEXT MONTH AS WE APPROACH HARI RAYA FESTIVE SEASON.

THE OTHER POSITIVE FACTOR IS THAT FEED MEAL COSTS HAD ALSO COME DOWN THUS REDUCING OPERATING COSTS. (AIDED BY OUR HIGHER RINGGIT AGST USD

Anyway there are no sales of MFLOUR mother shares. Some Directors are only only selling some of their WARRANTS .They have lots of Warrants.

Also they are converting their Iculs to mother
. shares

rihc. You are mistaken.

The Rights issue had already successfully completed last year ( in December 2018 )

Raised about RM285M which had been productively utilised to expand by 3 times the production capacity of its Intergrated Poultry Segment in Lumut Perak.

Currently some shareholders and Directors are only exercising and converting some of their Warrants and Iculs into Mflour mother shares. Such conversions are positive indications of their bullish views in the bright business growth and increasing profitability of Mflour

My positive views :-
(CHOIVO CAPITAL) A conversation with a very wise Ex-Banker
Author: Choivo Capital | Publish date: Sat, 30 Mar 2019, 5:49 AM
Agrees with this ex-banker on his bullish view of Mflour's flour milling business (and I quote)

“Most of MFLOUR’s chickens are sold to Texas and KFC, so they don’t lack demand. The real growth however, for me is going to come from the Flour factory in Vietnam.
Vietnam is very influenced by the French, every morning they eat croissants and baguettes.
There is this dish called Banh Mi that is made using baguettes or croissants. As the country gets richer, they are going to eat more of this.
And to top it off, there is only one other competitor in Vietnam when it comes to flour. So, for me, I’m quite happy with it”.
Aminvest also gave a very good fundamentally based report on 11 March 2019 :-

MALAYAN FLOUR (MFL MK, MFMS.KL) 11 March 2019 POULTRY AND FLOUR

Chicks rule the roost Company report BUY Gan Huey Ling, CFA gan-huey-ling@ambankgroup.com 03 2036 2305 (Initiation)

Note that Mflour have got 2 flour mills in Vietnam (1 each in the North and the South) Plus another 2 flour mills in Indonesia. Both Vietnam and Indonesia have huge populations with good demand for flour for their staple diets.

And Mflour is the 2nd biggest Flour Mill in Malaysia (after Robert Kuoks’s Federal Flour)

Combined with Mflour’s large capacity expansion in its Intergrated Poulty Segment, eg, :-

3x poultry processing capacity to be completed in 1Q of 2019 in phases (As at 31 October 2018, the construction of the additional poultry processing is approximately 83% completed (from 80k birds to 240k birds per day). Running at full capacity of 80k bird in 4Q18.

50% Malaysia fast food restaurant chicken supply come from Mflour (McDonald’s, Texas Chicken, Nando’s and Domino’s Pizza.) (source: CFO mentioned this in BFM interview)
The prospects for Mlour’s business growth and profits are indeed very bright

Sincere thanks to all, to esp Puntters , for all your invaluable contributions on Mflour.
Its exciting growth prospects and potential will be great to watch in the months and years to come. It will be greatly rewarding to all its investors

SUPPORT LINE11h ago
Malayan Flour Mills
Bullish return for Malayan Flour Mills spotted at 200-day SMA
Malayan Flour Mills
________________________________________
• SUPPORT LINE
• Tuesday, 2 Apr 2019
8:00 AM MYT
•
• by fong min yuan

MALAYAN Flour Mills Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png
is gaining momentum as it approaches the 200-day simple moving average (SMA).

this year. Its gradual positive retracement has seen it cross over the 50- and 100-day SMAs in what can be seen as a return to more positive sentiment.

T7Global has got a Factory and land in Serendah engaged in Aerospace business.

The huge RM16B revenues to be generated by the Govt for the Aerospace industry will benefit T7Global.

Additionally, when the ECRL gets the greenlight to go ahead in early April (as indicated by Tun Diam who was invited to go to China to sign the revised agreement ) one of the most important train station stop of the ECRL line will be Serendah.

Double boost for T7Global business and profits

Confession. Did added a bit more (a wee bit only since only a small investor)

Thank you very much for the info and clarification.
Very useful info

Another correction. The Iculs were issued at the cost price of RM0.50 each.

Can be converted to mother shares at the ratio of 1 for 2

Sorry !!

OK. Double check. Correction.

There is no conversion fee set for ICULS.
Just the exchange ratio.

The exercise price is set only for the Warrants.

Alto the warrants and Iculs were issued free the holder must still pay the conversion price besides surrendering them.

If not payable then why set the conversion price ?

This is my understanding

Hope someone can confirm

Smart move by Directors.

Positive as this signify their confidence Mflour's prospects.

Positive bcos their Iculs conversions will bring in more cash flows into Mflour

Directors have both Warrants and Iculs.

They are selling some warrants and then use the sales proceeds to pay/convert their Iculs to mother shares. A positive sign

janetchiam8 Huge Business Catalysts for T7Global and Pantech

1st we have the near completion of our huge Petronas-Saudi Aramco Oil Refinery (RAPID in Pengerang, Johor)
This will provide huge business potential and profits for companies like Pantech (specialty Steel Pipes and other parts for Oil & Gas industries) and T7Global Tanjung Offshore (for its O&G offshore expertise and services)

Now we are going to have 2 more multi billions Oil&Gas projects in Sabah and Johor (per reports below)

Sabah poised to be on world map with RM13 bil petrochemical plant plan
Durie Rainer Fong
-
March 6, 2019 8:21 PM
Burel is a partnership of Swiss, Saudi, Chinese and Malaysian interests.
“Chemicals have become Sabah’s single largest industrial sector going forward,” he said.
Brandtzag said according to a major study by the International Energy Agency (IEA), petrochemicals were becoming the largest driver of global oil demand, ahead of automobiles, planes and trucks.
“Petrochemicals are set to account for more than a third of the growth in world oil demand by 2030, and nearly half the growth by 2050, contributing to the production of nearly seven million barrels of oil a day by then.
“They are also poised to consume an additional 56 billion cubic metres of natural gas by 2030, and 83 billion cubic metres by 2050,” he said.
Newsbreak: Li Ka-shing-backed venture to build STS hub in Johor

Kamarul Azhar
/
The Edge Malaysia

March 04, 2019 17:00 pm +08

A new ship-to-ship (STS) marine gas oil (MGO) and marine fuel oil (MFO) storage and supply hub will be built off the Port of Tanjung Pelepas in southern Johor, say sources familiar with the matter. It is touted to be the largest in the world.
The construction cost of the hub — to be developed by little-known KA Petra Sdn Bhd, partnering Hong Kong tycoon Li Ka-shing’s Hutchison Port Holdings Ltd — is estimated at RM500 million, a Hutchison Port official tells The Edge.
Hutchison Port will have an up to 30% stake in the completed STS hub, the official adds. The project will have a gross development value of RM8 billion to RM12 billion.
07/03/2019 19:43
janetchiam8

Huge Business Catalysts for T7Global and Pantech

1st we have the near completion of our huge Petronas-Saudi Aramco Oil Refinery (RAPID in Pengerang, Johor)
This will provide huge business potential and profits for companies like Pantech (specialty Steel Pipes and other parts for Oil & Gas industries) and T7Global Tanjung Offshore (for its O&G offshore expertise and services)

Now we are going to have 2 more multi billions Oil&Gas projects in Sabah and Johor (per reports below)

Sabah poised to be on world map with RM13 bil petrochemical plant plan
Durie Rainer Fong
-
March 6, 2019 8:21 PM
Burel is a partnership of Swiss, Saudi, Chinese and Malaysian interests.
“Chemicals have become Sabah’s single largest industrial sector going forward,” he said.
Brandtzag said according to a major study by the International Energy Agency (IEA), petrochemicals were becoming the largest driver of global oil demand, ahead of automobiles, planes and trucks.
“Petrochemicals are set to account for more than a third of the growth in world oil demand by 2030, and nearly half the growth by 2050, contributing to the production of nearly seven million barrels of oil a day by then.
“They are also poised to consume an additional 56 billion cubic metres of natural gas by 2030, and 83 billion cubic metres by 2050,” he said.
Newsbreak: Li Ka-shing-backed venture to build STS hub in Johor

Kamarul Azhar
/
The Edge Malaysia

March 04, 2019 17:00 pm +08

A new ship-to-ship (STS) marine gas oil (MGO) and marine fuel oil (MFO) storage and supply hub will be built off the Port of Tanjung Pelepas in southern Johor, say sources familiar with the matter. It is touted to be the largest in the world.
The construction cost of the hub — to be developed by little-known KA Petra Sdn Bhd, partnering Hong Kong tycoon Li Ka-shing’s Hutchison Port Holdings Ltd — is estimated at RM500 million, a Hutchison Port official tells The Edge.
Hutchison Port will have an up to 30% stake in the completed STS hub, the official adds. The project will have a gross development value of RM8 billion to RM12 billion.

Consistently registered profits for many years including 2018.

Petronas is one the Top Shareholders

Joint Venture Petroleum Hups and Supply Base with Petronas
More contracts from Petronas will come

Just got a contract RM150.5M from Petronas to refurbish and upgrade its Kemaman Complex

Recent contracts won include RM197m civil construction jobs in KL from the new PH Federal Govt

Will contribute to increase profitability in the coming quarters