kk, i do not buy dps as it was goreng up on the court case and i am not a good trader, so can only invest. invest sometimes is boring, but worth the wait. for dps, now can only HOPE that it is goreng it up again or fire claim is completed.

As for dps, i think i have said enough except to say that it is shocking to see TM (purportedly "testify management") appear in the forum when in court there is only CM for Case Management or PTCM for Pre-Trial Case Management. For any testifying by witnesses, it is called Hearing ("perbicaraan").

kk7198, just share with you some stock picking skills:
1) low pe with clear improving earning visibility (mbl is currently such an example)
2) at/near bottom and earning recovering - emico is one such example 6 mths ago (actually i was alerted to emico by winfai about 6 months ago, thanks winfai !)
3) reasonable ok type of stock but plunge too sharp and way below its nta (jaks when 40sen and knm when below 10sen)
Dps does not have any of the above traits and knm pe now is too high.

will still see JJchan in the penthouse in year 2021 !!

but I think he should be ok, heard he is staying in the penthouse ... must be comfy there, hehehe .....

maybe JJchan is a LONG LONG TERM investor !!

Things will look up if JJchan's "LEGAL ADVISERS" take over Shantawood's legal team, then maybe the insurance claim case can end very soon , just like the way JJchan said, since MORE THAN 3 YEARS ago !!

wow, already more than 3 years ........ 3 years must be a short span for JJchan !!

As both cases are now still in High Court stage, to exhaust all the appeals, have to go thru Court of Appeal first then go to the Federal Court. So to complete just one case, will take at least one and a half year, most likely more than two years !! So if want to buy on court case result, got to have patience.

If any doubt of the court case projection above, then pls be informed that I started to warn about the court case dragging more than 2 and half years ago on 14 May 2016, and today the court case is still ongoing, with no FINAL outcome anywhere near !

... why fight some more when the parties know how the court will decide, based on strong precedent of the other case.

ideally with the final outcome of one case completed, then settlement may be achieved for the other case without further litigation.

DPS, to save legal costs, may originally intend to wait until completion of the MSIG case to file the case against HSBC, as by then, with the MSIG case as a strong precedent, the case against HSBC would be much simpler and briefer.

But MSIG case drag too long, so DPS were "forced" to file the case against HSBC on 6 July 2017, as limitation period to sue HSBC expired on 9 July 2017,

Now both the MSIG and HSBC cases are neck and neck at the High Court stage (with HSBC case leading as court decision is near).
Whichever case exhaust all the appeals (that is, appeal until Federal Court), that case would be used as a strong precedent for the other case.
So, in a way, both cases are now proceeding hand in hand. Once final outcome for a case is obtained, the other case will be completed soon too.

JJchan, you are right, the law on the Limitation Act 1953 had been amended, but not a few years back, it was amended only recently on 3.4.2018 !!

The amendment were basically to better protect the interests of property owners. So if you are property owner, you may want to know more about your rights against developer due to the amendment,
https://mahwengkwai.com/defect-claims-against-developers-an-update-on-limitation/

DPS must be negotiationg with HSBC until the last minute, when cannot reach agreement on the claim sum, then file the court case. So even if the Nov/Dec decision is favourable to DPS, HSBC just like MSIG, may appeal also.

google for malaysia limitation act if have any doubt of the above, and good luck !!

As for the DPS claim against HSBC, lucky for them, they filed the case against HSBC on 6 July 2017, just three days away from the 6 years limitation period on 9 July 2017 (fire occured on 9 July 2011 + 6 years)

A claim under a contract of insurance/reinsurance must be brought within six years from the date on which the claim accrues, pursuant to the Limitation Act 1953.

So dps can file a case against MSIG 6 years from 9 July 2011 (when the fire occured), which dps filed the suit at High Court well within the 6 years limitation period on 29 December 2012.

Limitation Act only limit the time to take the matter to court, but it does not limit the time the legal proceedings take, so the court matter against MSIG can drag for more than 6 years。

Good sharing ! Thank you.

Puan Nur Hidayah Binti Abd Mutalib or Puan Wan Azira Binti Wan Khairilanwar, it is all the same as they are both the same rank, i.e. Penolong Kanan Pendaftar.
If it is PK in front of a judge, then more likely the next date will be hearing date.

Orson, I am afraid to disappoint u that after the reassessment, which may finish earliest by year end, possibly by next year, the decision is appealable to the Court of Appeal and later to the Federal Court. In this "worst case" scenario, expect to wait at least another 2 years !!

appetiser before the main course !

yingchai, the former champion of "court case ending soon" here, after took profit at 0.11, now want to buy back low. So he suddenly "wise up" to the court proceedings and now advocates "court case dragging, not end so soon", even ask ppl to cut loss (after he took profit) !

In due course, he will become "dumb" again and sing "court case ending soon", after he buy back low. Anyone want to sell cheap to him ?

Next PK is in front of Puan Nur Hidayah Binti Abd Mutalib, also an Penolong Kanan Pendaftar.
If there is a need for a PK before the judge, then the whole matter will drag further. Wouldn't be surprised if the reassessment is finished by year end or even next year !

Just as i said, the reassessment will take at least 6 months. Now by July (6 mth time) still in pk stage. Wonder what JJchan has to say to that ? Have not seen him in i3 lately.

Actually tmr PK is not in front of the Judge, but in front of Penolong Kanan Pendaftar (or Senior Assistant Registrar aka SAR).
In the e-Filing site - Venue - Shah Alam Mahkamah Tinggi Sivil - By Group - Penolong Kanan Pendaftar : u will find Puan Wan Azira Binti Wan Khairilanwar in the list.
http://efiling.kehakiman.gov.my/eFiling/

It is ok, i understand. Your tall story cannot cover every corners !

fl888, u are avoiding the fact that there is nothing in common between "your heroic JID" and the amicable settlement between DPs and MSIG (if any) which you misleadingly mentioned earlier.

Wah fl888, u are becoming genger and genger ! even represent yourself against the bank !!

But if the bank want to appeal against the JID, why they choose to ignore the court summon in the first place? Not logical ... a low class careless mistake by a low class bank perhap ?

This is clearly just a tall story, furthermore it does not justify why u confusingly linking "your heroic JID" and the amicable settlement between DPs and MSIG (if any) which are totally different scenario.

To relate amicable settlement to Judgment in Default, as fl888 did, clearly show that he is confused. This is because they are 2 entirely different scenarios as
i) amicable settlement is a settlement based on 2 parties mutually agreed terms while
ii) Judgment in Default is basically a judgment based solely on the winner's terms (as the other party fail to attend court).

May be fl888 was also confused that it was the bank who got the Judgment in Default against him, and not the other way round !

Wah, fl888 really so geng, got a Judgment in Default (JID) against a Bank !
(This mean fl888's lawyer served a court summon on a bank, but the bank did not send their lawyer to court on the matter and thus the court issued a JID against the bank, on fl888's terms)

Normally it is the bank who got a JID in court, usually against a house owner who defaulted in paying the housing loan installment, as usually the house owner will not attend court.
However if a bank is served with a court summon by others, their lawyer will attend to the matter in court, even if the claimant's has a strong and valid case. No bank will ignore a court summon and allow the other party to obtain a JID in court against them under any circumstances !
Wonder which low class bank allowed fl888 to obtain a JID against them.

ceres22, i don't think u are a fool, but pretending to be one !

If ceres could have just give a call to Shah Alam high court, then he would not have foolishly check almost every 15 mins !

Still 2 months before coming weak qtr. Long time to go. Can get at least 1.70 by that time.

yingchai, if u really believe that court case is ending soon, then u would not have sold today. Why earn a few sen when u can earn more than 10 sens? That was not common sense. It was NONSENSE ! just like all your misleading "propositions" on the court matter.

In the fastest scenario, May for Case Management, June for Hearing, July for submissions, August for Decision.
(omitting the possible additional Case Managements, Mentions, Hearings and postponements)

yingchai, pls be patient.
1) next date is only Case Management, not HEARING. PK = Pengurusan Kes
2) High Court decision for the reassessment is not FINAL. It is appealable to the Court of Appeal and later Federal Court
3) next date on 24/4 is confirmed postpone as it is now a public holiday

This stock is becoming boring soon, but if u have the patience to capitalise on the coming low and the later new high, will still reap good profit.

but will reach new high of at least 2.20 by Dec or early 2018.

may consolidate at 1.70 - 1.75 in the coming months, in view of the coming traditional weak qtr. Don't think can get 1.50 anymore.

pohuat directors timely annoucement is a good guide, give them a like.

that is why director keep selling wb, even on yesterday.

next qtr is traditional weak qtr, that is why no up. correction + consolidation in the coming months.

pantor bro, i think u refer to the 31-10-2016 qtr.

Expect strong 1Q coming due to 1) vietnamese factories high margin products and 2) u.s. increased demand in furniture 3) big exchange gain

Actually MSIG didn't lose the COA entirely as they were given the chance for reassessment of quantum as requested by them.
DPS knowing that the reassessed quantum may be much lesser than the original sum (as additional evidences detrimental to DPS will be adduced by MSIG) appeal to the Federal Court to avoid the reassessment.
As DPS lost the Federal Court appeal, they now have to face the reassessment.

If the reassessed sum is much less than the original judgment sum, DPS is likely to appeal as DPS want to claim as much as possible, evidently shown by their earlier appeal to the Federal Court.

On the other hand, if the reassessed sum is not much different from the original judgment sum, then MSIG might appeal !

So either way, appeal after the reassessment is over is a possibility not to be discounted. Good luck to all.

JJchan, please lah don't make a fool of yourself ! Puan Norhayati is not even a judge, how to hear the case !!??

If u still don't believe, pls see that judge name will be prefixed with YA
http://efiling.kehakiman.gov.my/eFiling/WebRequestEntry?PAGE=999998&PARAM_WS_NAME=SEARCHWS&STR_CASE_NO=1488-12/2012&STR_COURT_LOC_ID=136f5545-8aae-4440-ad1a-46c61fac1999

I first posted here on 14/5/16 when DPS was 11 sen. Now DPS only 7.5 - 8.5 sen.
Look like shareking1 also make false representation.

Why can't case last 10 years? Below is a recently closed case that lasted 14 years !
http://www.theborneopost.com/2016/03/23/longest-ncr-case-settled/

Previously COA decided only on the original quantum. The reassessed quantum is another matter, most likely with additional evidences, which either parties is allowed to appeal to COA and later Federal Court if not satisfied.

In the "worst" case scenario, if parties appeal all the way from Appeal Court to Federal Court after the reassessed sum is decided, then this legal tussle will take at least another 2 years !!

Where is the smart alec JJchan who said reassessment take only a few days?