saw big block makan at 0.280---2:54pm

i think AA has been up-graded.....Chinese tourists will boycott USA following current Tariff-War----if
they don't go to America during this coming Summer, they have no choice but travel to Bali, Thailand and Philippines----Malaysia maybe last but AA is a Travelling Hub

piping contractors gave me a estimate that i would required 5-7 billion ringgit to replace 30year-old
clay and cement pipes-----another 4-6 billion to replace 8inches to 2feet metal pipe in Selangor
alone ( 10years program if start from 2016 ) Price increases if push back further

20million Contract-----just kampong contract

Tariff cannot Stop trade----just increase Inflation.

75% of Chinese exports to USA are "supermarket item" like kitchen towel, nuts, screw......
You really believe American will start a factory making kitchen towel that "cost double" Chinese
import......." kitchen towel industry" are biz where people "cannot put food on the Table"-----there
are million of these type of industries in China( small scale )

Unless US/China tariff war exploded, with this of Buying, Velesto price if cannot go UP---must be Act of God

amanah bought another 15m ( total 50m from 27 June ) Big Big Mop

When PNB asked another GLC to share-share 2.1B cash injection into Umwog ( the other GLC just
pull-out ). Who will Buy SAP right-issue is a Big guess?-----I am very surprise when EPF dumped
300m shares @0.55 (i think epf is Not interest in Sap RI)

I am Not putting any money into Sap until the Big-Boys show their face in RI ( 5B @ 0.40 )
Just imagine if 65% are taken by small investor, How many years to clear surplus stock ?

Mahathir now Chairman of Yayasan Pelaburan Bumiputra (PNB investment arm of yayasan) is
2nd priority of Mahathir after setting up of Cabinet Ministers......

Najib's boys in Petronas, PNB, Banks, all Glc with be uprooted and replaced by Mahathir's confidant like Zeti (pnb)

Now that 1Q18 results failed to impress, I am focusing on Yayasan next move-----Pnb already sapu
controlling stake in Velesto------What about SAP????????
All my Mercedes money still Intact-----just smoke Cigar and Drink Coffee-----BATA SHOE----maybe

JN88...should asked Sifu here about YTL.....now useless, my ytl-p already Holland

We don't yet (not investigated yet) whether 1MDB fund are used to acquire SAP asset (Shahril and
Najib very Close ) Goodwill account indicate SAP sapu E&P asset like a "Prince"---name price i Buy

Sap is a very Big Co.---very profitable before Oil crash (velesto only 1/4 size --only 7 Jack-up Rig
so very fast turnaround ---most important PNB inject 2.1B Cash to reduced Debt + 600m cash to
improved cash flow)

Cannot compare Sap and Velesto (different size ---)

If you want to see "reverse impairment loss"----you might see one in 2Q18 Velesto result ( but
surely in 3Q & 4Q bcoz 100% production )

Q4 2017 should be 119m loss ( impairment loss should be separated as "another loss item")
Q1 2018 should be 130m loss
Q 2 2018 -------------200m loss ( my guess----assuming forex loss due to ringgit )

I think Revenue will level off at 1Q2018 level for 2Q18 but if it falls again (massive selloff foresee )

This is my experience from YTL ( Ytl list Ytl-P-----Ytl-P stock price is always 0.50 more than mother
until lately bcoz Ytl-P Biz kaput )

If SAP's NTA falls to 0.50 after listing, will you pay 1.00 for Sap?

If E&P assets are lousy, what is the listing price 0.02/share? How much can Sap get?
If E&P assets are very Good, One time Cash flow into Sap will be Huge, but next quarter maybe
zero cashflow Or depends on Dividend ( 2 set of Books and Management) Cannot Milk E&P unit.

If future E&P assets are exploding in value, Sap has to share its wealth (51, 41, 31% )

SAP "nta" will plunge after Listing bcoz E&P is actually Sap Crown Jewel (making alot money now)

RHB Investment Banking small counter Jewel listed Dnex 2017 Tp= 0.71
However, RHBib 2018 must also include Mype "kaput opportunity" and 2 new Oil Extraction Licenses------I think RM1.0 Tp minimum

If investors find Value in Listing E&P, why buy Sap-----just buy new listing units

Even Nazir Najib refused Chairman of Cimb (maybe just ashamed ) Fgv management got no shame after losing so many millions ( maybe try to make more money by selling Fgv asset )

E&C listing not so easy-----look at "Goodwill on Consolidation" -----7.9Billion
Looks like alot Sapnrg asset are bought at "Very Premium Price"

Hibiscus is 75-80% full valuation on Oil-----Dnex is 35-40% from full valuation( on Oil alone----Not including IT section )

"Pengerusi Fgv refused to Step Down"----Gaji Buta of course don't want step-up----Children all
expenses paid (overseas education)

Just Mahathir instruction to PNB, EPF and LTH to fired Fgv ceo is enough-----One EGM, all majority shareholders agreed, FGV change Management ( This is the very Nice way----worst one
MACC summoned All management to "Drink Coffee" at MACC Office)

Meanwhile, the Minister of Finance Incorporated (MOF Inc) has announced that Prime Minister Dr Mahathir Mohamad had assumed the position of YPB Chairperson effective June 28.

It added that pursuant to the appointment, the composition of YPB’s Board of Trustees has been restructured to comprise the Minister of Economic Affairs Mohamed Azmin Ali (appointed also as the Alternate Chairman of YPB), former Auditor General of Malaysia Ambrin Buang and Zeti.

Zeti now in-charge of PNB------Mahathir, now controls Yayasan Bumi, i think Mahathir also
control Amanah now

10% RI already confirmed( AGM 17July) but 600m RI @0.64= rm384m---not enough....I said last time another rm1B is required in 2018 and 3B cash injection is required in 2019 (bcoz of projects)

SAP is a Beast----too big Biz scope( very slow to turnaround)-----O&G Co has started to make profit-----Velesto is making Real money in 1Q18---full production in 3Q18 and 4Q18 But Velesto is
just 1/4 the size of SAP.

pmaster----this is just a cycle----exceed capacity worldwide is compressing profit margin----I don't
see things getting better until STUPID TRUMP is out of the picture

Very Correct--Pmaster

" potential listing of E&P"-----Do you know how long to list Biz? my guess 18months (if you can find investor)------Sell asset is much faster----6 to 8 months------Ask Mahathir to nationalised SAP( about 3 months if LGE can find the money by selling Rosmah jewellery )

Last minute throw to 0.64

This stock is really a syndicate stock. They know the result "first"

Exactly what i am afraid of-----Revenue plunge again. ( only 2 known projects in 2017 )
Expect same results in 2Q2018 with some forex loss ( expect 200m loss in 2Q2018) Biggest
problem ---left with only 1.3B cash (how to take project? )

panda....if you want Shark goreng----Sapnrg is the best around ( i believe Sharks were caught when Sap plunged from 1.20 so they have No choice but to goreng and goreng.....but when they
are done-----sap is just a salted fish )

Only Amanah is buying Big (velesto). I guess next 2Q, velesto will make 100--160m. Amanah is
definitely looking at Dividend ( 2.10B + 600m injected by PNB, no dividend big problem )

Wait for Sap 1Q18, Sap is surely a good goreng candidate ( pls note MQ has projected 0.24 for
Sap if Results hit a brick wall )

why nobody say "sailang" today? MaybeTomolo, he is the only "Lang" left

Sellers are drying up very fast-----as what i predicted earlier----Big Big Mop

20m bought on 25 June-----2nd Quarter Report already ready for Velesto management to PNB. ( Amanah + yayasan= 50% of Velesto Shares )

Why buy 20m if results are lousy ?

UMW-OG is currently bidding for 12 international contracts and 21
Malaysian contracts. International contracts are mainly at the Middle East,
Indonesia and Vietnam. We understand that DCRs for overseas contracts
are slightly lower than Malaysian contracts. Nevertheless, it enables
UMW-OG to secure a foothold in the various countries.

Although DCRs are lower, we view the aggressive bidding overseas
positively, as it reduces the Group’s dependence on Petronas.

Source: TA Security

Do you know for every Sap you hold-----you owe someone RM3.0 ( 6b shares O/S vs 18B Debt)

I like to goreng Sap but sometimes i cringed about Sap Debt

You pay RM10,000., you can have unbelieveable report (How many reports by Bankers hit Tp.
for the last 5 years )

hahaha---don't Love a stock just bcoz you like it so much. Sap got a 18B Debt packages------In a
downturn, it will be heavily hit But very slow to turn around------Best bet for fast turnaround are
Maybank, Cimb, Public Bank , HongLeong + TNB

Most short term FF already left------only long term are still hanging around bcoz of Oil price still
in favour of Malaysia Current account.( Thailand out flow is close to 20% even with enormous Dollars surplus account ---non-Oil exporter )

"Stupid Trump knows a fight with China will end Both party having a Bloody Face "

1. trump thought he has a advantage of 300Billion Goods to levy Tarrif-----But China can
2) Pull-out $800 billion Treasury---( that will send US interest rate up to 6--7% ) Dow will crash
10% "a day" according to Bloomberg Expert-----only happen in extreme case
3) Apple Net profit will Drop 20% without China-----Nasdaq will plunge to Bear market immediately

Nobody can differentiate Coin size with attached value

new currency meaning new design and new plastic material (current plastic currency "quality" is the cheapest among the cheap) I saw many plastic currency around the world---Malaysia plastic notes are among the worst around

really depends how solid are the assets......alot of company still list junk/"end of life" machineries as asset

20% on Up side

Double Top breakout chart

making money is already difficult----This counter even got a Class Monitor to make sure Nobody say "bad words"-----Am I in "Putin Country---Rusia"

The major stumbling block for Splash Deal is Water Rate.( previously under BN) Azmin refused
to pay higher rate to Fed---Paab ( different party )-----Now State and Fed all under PH

one hour trading Volume(73m) = 1/2 Day Friday Vol. (100m)-----Big Boys operating today

Ok results means "within consensus" (profit or loss)------500m loss is a blowout( nasaie24 want to short Sap kaw-kaw )