kalofarmako, your ex PM also said he was innocent, swear here swear there some more.. said innocent.. was he dumb? I think he also sued Guan Eng .. winder what's the outcome?

pay few hundred thousand for 2nd opinion from another auditor or a few million for lawyer to shut them up? hhmm hire lawyer

yeah.. meanwhile please buy more shares to support.. I want to earn above 5% for Dividend from EPF.. Kamsamidah

I agree with Leno on this. Lawyer act based on fees. you think he so free to sibuk sibuk kacau daun men? it's all about the money.most lawyer in town know him to be a good lawyer. I said good only ahhh

btw, out of court settlement does not mean anything except who stands to lose more from this. KPMG will fight I think. so they won't back down. any settlement, you know I know la

a smart poker player will keep cool and let opponents talk themselves into trouble.

KPMG is also playing poker. notice they keep silent all this while? who is making the noise? the lawyer probably earning millions from this.. what's a few millions compared to billions?

1MDB is a bit different, legal action taken because of illegal monies involved, so lain cerita

btw just for the record I am just here for the show

no limit.. my lawyer friend even told me that lawyers are insure against liabilities.. just depend on how much insured that's all

questions, questions, .. will they be answered?

KPMG paid hundreds of thousands for job yearly, why kill the golden goose suddenly?

big 4 accounting firm and consulting companies like BC, AC would have hired the best brains for their company, they would have consulted legal team before acting

popcorn anyone?

no one likes to be called shoplot auditor.. and negligent

dont be so sure KPMG won't counter sue for defamation

you believe IB advise ah? even my remisier told me he doesn't bulat bulat percaya his IB report. he dies his own report. EPF with close to a trillion ringgit never do homework first before sell down? dont be so naive laaaa brothers

anyone can sue .. but but can win or not?

best is to appoint another Big 4 reputable auditing company to confirm or rebut findings. that is the best solution. suing is another way to silence others?

but but... why didnt KPMG do due diligence before doing such silly thing? didnt they seek legal advise? or did they?

According to latest TA analyst report (Mar 31, 2021) with TP of RM3.34,..

'.. No change to our FY21 to FY23 earnings forecasts. We cut FY21
dividend payout from 6sen/share to nil as we think GAMUDA would
conserve cash for capital intensive Penang South Islands project.
Nevertheless, we expect dividend payment to resume in FY22. ...'

But positive outlook as follows:

'... Further jump in outstanding order book could come from
KVMRT3 and Australian tunnelling jobs, if tenders are successful.

With the relaxation of MCO 2.0, coupled with the ongoing vaccination
programme, we expect to see a rebound in property and concession
earnings going forward....'

WIP - total order book 5.5B as follows:

MRT Line 2 (50% share) 3.4 78% 2022
Pan Borneo Highway (65%) 0.3 65% 2021
Marine Bridge, Taiwan (70%) 0.2 41% 2022
Bus Depot, Singapore (45%) 0.3 2% 2023
Seawall project, Taiwan (70%) 0.6 9% 2025

@choysun I just bought bought some other shares today, might top up a little more in ear future once I sell the other one

looking at the weekly chart, seems that it is now trading sideways... could this be Wyckoff's take on the accumulation period? could last Friday be a test to see if the market is ready to move? if his theory is correct, we should be seeing the the 'mark up' period very soon - there's another 8 weeks left before Dividend announcement. we should be seeing some activities very soon.

hah!... new higher lows for Tenaga?... I think QWD provided the catalyst for interest in this stock. gloves on the other hand ..... haizzzzzz.......... keep going down.. Holland d

@tobiasthebroker no worries bro, we all investing to earn a living by doing the right way. thanks for sharing as well

btw, just a reminder that the court case between Tenaga and IRB on the tax issue has been vacated (postpone) to September. it might affect the dividend pay out amount.

and you are right to point out that the 10.00 is the support level at this point.

@tobiasthestocker

Airport jump on news of MAHB proposal to govt on revitalising Subang airport. missed my chance to add a bit for this stock.

For Tenaga, the pressure started to push upwards for the past 1-2 weeks. the price could not break through due to sellers need to take profit at first chance due to funds stuck at the below 10.00 price point for some time. the reason why it is very difficult to go up is bcos of absence of foreign investment in Tenaga, without which the strong push the price cannot go up as retail investors have limited funds and profit taking also occurs.

Everyone knows that Tenaga is undervalued and good for dividend (otherwise you and me wont be here in the first place right?). But last Friday beside the QWD could also be the start of foreign funds starting to buy this stock back - see article above.

This is possibly due also in part to Tenaga seriousness in addressing the ESG issues of late, e.g. investments in renewable energy in Vietnam and Singapore and also the commitment to cut down on coal usage and limit to 30% in the medium term. EPF sold bcos of i-Sinar draw down of course which will end in June 30. We should see some uplift in the coming weeks for sure. Remember that EPF holds Tenaga for our EPF annual dividends, and they aint gonna change their position anytime soon unless Tenaga changes and reduce their dividend pay out policy.

@i3gambler - no right or wrong. we are all here to share our views. The profit taking was expected. unfortunately time was not at your side. but I guess you already knew that it was a gamble at 11 days. I doubt anyone here will want to wish you ill or try to manipulate you in any way. if its any consolation to you, I didn't have the chance to consolidate my portfolio and am back to paper loss for Tenaga. But like I said earlier, we should be able to see the rise come late July / August when they announce the dividends. keeping figures crossed for higher lows

Meanwhile:..

https://www.klsescreener.com/v2/news/view/843747/bursa-key-asian-markets-skid-on-fed-s-hawkish-comments

"...At Bursa last Friday, foreign funds were net buyers at RM314.3mil and local retail investors at RM13.6mil but local funds net sellers were at RM327.9mil..."

Foreign interest back?

morning y'all... looks like the sharp correction as predicted. a lot of profit takers. hopefully in the process there is a new higher low to form a possible future break out as consolation.

for C85 call warrant, looks like it's back to 0.05 at the moment as takers at 0.06 has been fully snapped up.

thanks for clarifying i3gambler, wish you all the best this coming week.

@milosh best to ignore apple 168, he is a known glove adolescence going to every counter forum to poison the forum. he will normally troll the main blue chip counters. hopefully when Top Glove goes to HK, he will follow suite and troll the Honkies there.

@choysun yeah, I am with you on this.. the stock been wanting to break out for a few weeks now.. even if correction come Monday, Come August, it'll be back up there. I got a feelin the correction might even set a higher low come next week.

Bingo!

To quote an article ...

"Options traders also find out if their options expire in or out of the money. On such days, traders with large positions in these contracts may be financially incentivized to try to temporarily push the underlying market in a certain direction to affect the value of their contracts. The expiration forces traders to act by a certain day, causing trading volume in affected markets to rise. Triple or quadruple witching is often said to cause volatility in the underlying markets, and in the expiring contracts themselves, both during the week preceding, and on the expiration day. "

@milosh fyi, this idea was also floated on the other investors portal and there's a very good chance it might be true as at closing there were 35K lots offered for sale at 10.44 vs 7K offering to buy at lower. apparently there's a formula to calculate the shortfall in call warrant, perhaps someone can enlighten us as to why the magic number RM10.44? I find it highly suspicious that a call warrant about to expire in 11 days would suddenly magically take off just like that

@i3gambler your article on C85 was right to question 'Why the big jump?'.

https://klse.i3investor.com/blogs/gambler/2021-06-19-story-h1566936185-TENAGA_and_TENAGA_C85.jsp

To quote your statement:

" The value of TENAGA jump up 100%, and yet someone still wanted to sell TENAGA-C85 at RM0.05?

Trade call warrant without looking at the mother share?

Can not do like that lah."

How sure are we that the big players didn't look at call warrant? oh wait.. maybe they did and that's why they didn't buy in to it but hope that someone will hook line and sinker to pick it up.

A wise poker player once said, if we can't spot the fool sitting in the table, that's because we are most likely that fool.

I could be wrong but after reading that theory and your article on the C85 more or less reaffirms my suspicion. good luck bro, hope I am wrong. To show that I am on your side, I decided not to rebalance my Tenaga stocks and hopeful that it will continue to go up.

@i3gambler very risky going all-in on C85.

Heard of the 'every third Friday of every quarter' theory? If the theory is true, just be careful of a very sharp correction come Monday. The huge movement is obviously not done by small retailers. big boyz at play - although I am surprise not reported in the announcement. big boyz with all that financial muscle and financial experience and savy, the risk and possibility of a snafu is very unlikely if any.

'The point is, ladies and gentlemen, that greed, for lack of a better word, is good. ... Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit' - Gordon Gekko

Could it also be the local fund managers starting to collect tickets? .. MIB recently gave TP of 12.00 for Tenaga.

@Nepo yes, you are right. I know that price always go up before dividend but this is too early.. could be early accumulation or could be portfolio rebalancing. let's see.. those who sell and make quick buck on Monday. good luck if you miss the boat. Tenaga will almost always certainly go up when dividend comes.

@charliecharlie happen to me on other stocks too. i bid for sale x price. they sapu to 4 tiers up including mine. its normal.

it is not wrong order. normally big players will inform traders to buy up x qty of shares irregardless of price.. so if total qty meets the threshold then lucky you. some say its portfolio rebalancing. but we could only hope for some good news soon? interestingly EPF sold some today

Thanks for clarifying wsb

Hi All, thanks for sharing the insights of the insurance industry. Someone was mentioning that EPF has been quietly buying up this stock. But I could not find Allianz portfolio in the March 2021 update. Am I missing anything?

https://www.kwsp.gov.my/-/list-of-top-30-equity-holdings-by-percentage-of-issued-shares-as-at-31-march-2021

funny that official response from company but no one sign off. usually Corporate Communication. correct?

yes. good friday only for East Malaysia

please share the link, dont anyhow simply quote from thin air. lack of intelligence is not an excuse

ignore them and dont respond to them. these attention seekers will sooner or later lose their interest... meanwhile steady bompipi ah

@stocksafeplayer dont waste your time with this millennial who is obviously too free and enjoy trolling others. prolly parents too rich and spoilt him to booth. a by product of failed parenting for sure.

he lacks the necessary intelligence bcos he enjoys talking nonsense instead of thinking of where to place his money on stocks that will generate money for him. pity him

well simple, the US govt aren't easily manipulated and will stand the rule of law. if you break it, they will act. my previous company is British company and I can attest that they are very strict on compliance no 2 ways about it. if you don't meet their high standards,they will give you reasonable time to comply and solve the problem. if you cannot accomplish after promising them, that is what it is happening now. you think US play play ah? company hit so many fouls surely their patience will run thin. so glove flies - don't kid yourselves. gloves are low tech stocks. whoever product cheaper they will take. dont bull sheet and say bias against asian company. last i heard Supermax also exporting there and all over the world. they wont take from China bcos they dislike china. so please, want to bluff newbie, please do so in glove forum, after all they like being shafted by their super duper master sifu there

where's the gloves flies? busy fire fighting due to lao sai?

wah... TG, lao sai like no tomorrow. now at 4.84... US market blacklisted, all panic, fundamentals all out the window. suddenly HK listing forgotten... meanwhile gonna take a quick nap... please wake me up when at 3.50, standing by to buy 1 lot

sorry for the lengthy repetoire