Yeah, you are right.

Initially, I also thought it was good after the restructuring, but was not aware that there's more impairment coming.
Till all the impairment are completed, I think there's not much catalyst to move forward.

The best part is the Sapura energy management do not provide any indication on further impairment.
They are fortunate to offset this round's impairment with the proceeds from disposal.
Else it would be heavy losses.

@ (70B-SAPNRG-3Yrs) Philip

Are you sure the company will be able to sustain the same dividend payout for the future?
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Posted by (70B-SAPNRG-3Yrs) Philip > Mar 26, 2019 11:59 PM | Report Abuse

GKENT is paying me 6% a year to hold the stock, so hold it I will.

the warrant expiring in June 2019.
Stay away and buy mother.

EPF focus on infrastructure investment for stability and consistent return


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https://www.thestartv.com/v/epf-to-focus-on-infrastructure-investments

Attractive price at 50 cent with impending completion of SPE highway (DUKE3) worth 3.8bil by Q1 2020 and potential dividend of 33 cent from EPF acquisition, assuming at 40% stake again..

Looks like it's attemptingg to breach the 1.13 level.

Good opportunity to buy cheaper.

https://www.reuters.com/article/vietnam-energy-prices/update-1-vietnam-hikes-retail-electricity-prices-by-836-pct-ministry-idUSL3N2172E1

EPD seems undecided whether to buy or sell

@ DickyMe

Not possible bro.
Talk facts, not rubbish here.
Unless every country stop using crude oil for the next 10 years.

The last time it hit USD20 pbl was 31 years ago during Asian financial crisis. Even that , only lasted less than 6 months before rebounding back to USD35 pbl.

The no of vehicles and machineries worldwide had increased more than 1,900% since then, the world demand had been capped to minimum USD40-USD45 pbl.

In 2016, crude oil drop to USD26 pbl only for a few weeks before rebounding back to above USD40 pbl.


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Posted by DickyMe > Mar 25, 2019 2:52 PM | Report Abuse

Brent crude will drop to under USD$20, This counter will be penny stock or delisted.

Wow, those who had brought last week, really all the best to you.

Unlike the other 2 counters that he bought, this counter have average volume of 200 mil daily.
His margin call is only a small dent probably comparable or smaller than the daily IDSS volume.

Next QR in May, by then reach 60 cent already.

Appreciation of the MYR against USD, should present slight weaknesses for Topglove in the coming months.
Expecting RM4:USD1 next few weeks.

@ Hwai Hooi

If margin call at this level, it will be disaster for many people.
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Hwai Hooi force to margin call

22/03/2019 9:31 AM

@ myfm_18

Yeah, thanks for reminder.
I recalled Ekovest with Samling got the Pan Borneo RM2.1 bil job. But was cancelled 1 month after GE14.

Maybe will be back.


https://www.theedgemarkets.com/article/ekovestsamling-jv-rm21-bil-pan-borneo-highway-job-now-void
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Posted by myfm_18 > Mar 22, 2019 3:04 AM | Report Abuse

https://www.theedgemarkets.com/article/cabinet-decide-pan-borneo-highw...

@ jojo2018

Those people who had picked up below RM1 would sell. Nothing astonishing about that.

To be honest I really have 2 question for Lim Kang Hoo:

1) Why would he want to share his pot of gold or money printing machine as what he shared that the company will have explosive growth?

Note: By selling to Ekovest, his direct earnings from PLS is reduced significantly from 23% to less than 10%.

2) Why would he want to lose his direct investment which he got it for RM1 per share, may appreciate to more than RM3 per share in the next 5 years?

Assuming PLS will bring in RM100 mil in profit in the next 5 years through palm oil and durian plantation, the EPS for PLS will fly which will push the counter towards fair value of more than rm3, which he would easily net 200% return on his investment.

@ (S = Qr) Philip

Are you the same as (70B-SAPNRG-3Yrs) Philip

@ SarifahSelinder

Not worrying.
I'm not so optismistic on the TP placed by many here.

If I recalled correctly, there's no one in this world become rich from building and running a power plant, not even the Forbes 100 richest in the world.

Unlike other types of biz such as property, technology, banking, petroleum, supermarket, fashion/luxury goods,etc, running a power plant is never a highly profitable biz and some incur losses most of the time.
You can check the result of large power companies in Asia for comparison.

The reason behind all these, is because the industry is mostly regulated.

Anyway, no one believe in all this.
They only know Jaks will reach 800 cent or 1000 cent.

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Posted by SarifahSelinder > Mar 21, 2019 10:53 AM | Report Abuse

newbie8080 u ni basically is worrying the sky is going to fall down

Posted by SarifahSelinder > Mar 21, 2019 10:53 AM | Report Abuse

newbie8080 u ni basically is worrying the sky is going to fall down

The impact towards topline , doesn't mean bottomline will apply also.
Depends really on the operating cost of the project involved.


Posted by hng33 > Mar 21, 2019 10:44 AM | Report Abuse

sapura energy synergy collaboration with OMV, to 6 fold increase production volume from 10,000 boe/day to 60,000 boe/day in 2023, a massive EPS growth ahead to propel sapura share recovery

https://www.youtube.com/watch?v=cc5i6XtKRXM

@ deMusangking

Mark my words, even at half of 800 cent is already hard to achieve.

My opinion on DK66 computation for his TP between rm6 to rm10 is based on perfect conditions such as :
1.40% ownership which currently not materialise yet a
2. Assuming zero delays
3. Zero cost escalation(in capex & opex) in next 25 years
4. No changes in government(incl policies)in the next 25 years
5. Forex remains unchanged for next 25 years(@RM 4.15:1USD)
6. No financial difficulty in loan servicing on the USD1.4 bil for both Jaks and CPECC.
7. Assuming interest rate at 6% for the next 25 years.
8. Assuming no financial crisis in Vietnam that impacts on demand of electricity despite the "guarantee of payment".
9. No financial criminal in the collaboration eg: fraud or scandals in the 25 years journey.
10. Assuming no changes in State Bank of Vietnam(Central Bank) policies on funds repatriation, capital control and money outflows. Able to repatriate the earnings back to Msia in the next 25 years without hiccups.
Remember China's recent restriction.
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Posted by deMusangking > Mar 21, 2019 10:18 AM | Report Abuse

what is 80 sen!!! me looking at 800 sen!!!!

haha

@ Icon8888

Why didn't purchase when it was below 60 cent recently.
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Posted by Icon8888 > Mar 21, 2019 10:12 AM | Report Abuse

I bought more at 79

X P

MD is saying one thing, slides & AR is saying another thing.

SO who is right?

Is the MD not able to meet the company's target?

Currently, is only 8000bpd. To reach 21,000bpd in 1 year and 9 months is almost impossible unless through acquisition.

12,000bpd by 2021 sounds reasonable.
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Posted by Dericlock > Mar 20, 2019 5:40 PM | Report Abuse

newbie8080, Just go and read their investors' slides. It is under (2017-2021) Missions.

Based on the annual report,it read as below.
Maybe the statement year 2021 refers to the 100 million reserves only.

If you break up the sentence,

"advancing us further towards achievement of our target of producing 20,000 barrels of oil per day"

"100 million barrels of proven and probable oil reserves by 2021"

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Financial Year (FY) 2018 was a year of scaling up for Hibiscus Petroleum Berhad
as we emerge bigger, stronger and more sustainable following the successful acquisition of the North Sabah Enhanced Oil Recovery Production Sharing Contract (North Sabah PSC) from Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd. The transaction gives us immediate access to proven and probable oil and gas reserves with immense future potential upside, adding a second positive cash flow stream to complement our Anasuria Cluster revenue. Our workforce has also expanded with the successful integration of the North Sabah PSC’s team of experienced industry professionals, thus increasing our scale and strengthening our capability as the first listed independent pure play oil and gas exploration and production company in Malaysia.

In addition, we have recently concluded a strategic 50% acquisition of participating interests in new discovered oilfields offshore in the United Kingdom. The stake in Production Licence No. P.198 Blocks 15/13a and 15/13b increases our aggregate contingent oil resources to 68.5 million barrels, advancing us further towards achievement of our target of producing 20,000 barrels of oil per day and 100 million barrels of proven and probable oil reserves by 2021.
This high aim and our upward growth trajectory are portrayed as momentum lines set against the images of our two assets, a North Sabah PSC production platform and the Anasuria Floating Production Storage and Offloading facility,and a scenery of optimism as the sun rises on the horizon of Mount Kinabalu.

Any idea why a glove maker specialist goes into condom manufacturing?

World largest condom manufacturer, Karex also struggle the last 10 quarters.

Topglove can be better?

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https://www.forbes.com/sites/forbesasia/2016/08/03/malaysias-karex-buys-innovative-new-condom-brands-landing-it-on-asias-bub-list/#58e79a7856e3

Close green.
Great tussle between buyers and sellers.

ERCL may proceed
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https://www.theedgemarkets.com/article/pm-mahathir-ecrl-project-can-proceed-when-negotiations-china-finalised

Short selling was suspended yesterday.

Else it would had limit down.

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http://www.thestar.com.my/business/business-news/2019/03/19/dayang-snaps-rally-after-downgrade-short-selling-suspended/

This counter traded RM16 in 1994.

@ DK66

It's quite a good hit nevertheless.

Jaks is not a darling share ever since the plunge last year.

Not many IBs covering this stock also.

@ anonyme

Limit down?
0.88?
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Posted by anonyme > Mar 19, 2019 04:29 PM | Report Abuse

limit down today, tmr queue at 0.88

@ lcon8888

We shall see.
Hope you can still remember.

Whether go to Holland or not, please put reminder on your smartphone by first quarter result 2021, end of May 2021, check the share price is 6 cent or not.

Seems both Kenanga and HongLeong, are questioning the sustainability of next quarter result.
Both quoted lump sum earnings due to variable job orders of different size instead schedule fix jobs.
Other reasons include unfavoravle weather condition, eg:monsoon and upcoming corporate exercise eg:impairment

Interesting!

Good opportunity to collect on weaknesses.

Lol. He's the one selling down already.
He's still sharp le.

Seems he exited Sendai also.

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https://www.thestar.com.my/business/business-news/2019/03/18/quick-take-eversendai-falls-2-7pc-as-koon-ceases-to-be-substantial-shareholder/

Don't bother the noise out there.

Once the Duke 3 highway valued at RM 3.8bil completed 1st half next year, it'll be too late for many to buy in.

Notice that at 56 cent and market capitalisation RM1.1 bil
which cover, Duke 1 & 2 highway(RM2.8 bil @ 60% ownership), River of Life and Ekocheras commercial development(RM1.8bil)at DISCOUNT!!!

You will get Duke 3 valued at RM3.8 bil and KL city development under ROL land swap valued at RM9 bil for free as it is not reflected yet.


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https://www.thestar.com.my/business/business-news/2016/09/21/epf-buys-40pct-stake-in-duke-highway-operator-for-rm1pt13b/

https://www.nst.com.my/business/2017/07/258663/ekovest-banking-river-life-project

https://www.theedgemarkets.com/article/february-2018-government-had-paid-ekovest-rm132m-under-river-life-deal

After rising so much, sure have consolidation and correction.

Small amount only. 20 buyers queueing for 140,000 shares valued at RM51k.

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Posted by astalavista > Mar 15, 2019 04:19 PM | Report Abuse

Wow...more than 2.8 mil done at 0.37..who is buying

“In five years, the water had deteriorated beyond imagination,” he said, adding that an analysis of the water sample from the river showed it had zero oxygen levels with no aquatic life.

“The river is technically dead.”
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https://www.nst.com.my/news/nation/2019/03/469368/toxic-waste-dumping-going-years

https://www.theedgemarkets.com/article/ekovests-river-life-package-win-help-it-take-similar-projects-future

If IWCITY can get the Bandar Malaysia back, it should return back to RM3 through a series of limit up. Exactly what happen the last time.

Posted by Yu_and_Mee > Mar 15, 2019 09:53 AM | Report Abuse

limit up is unlikely. looks like 20% also unlikely for today.
maybe 5% is possible for today.

Even Sapura is now 37 cent.
Hibiscus still having a nap.

Any idea if Ekovest will participate as one of the contractors to clean up Sg Kim Kim chemical dump?

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https://www.malaysiakini.com/news/467838

Waiting for limit up action.
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Posted by Yu_and_Mee > Mar 15, 2019 09:41 AM | Report Abuse

if you have holding power to contra, why should you afraid. every uptrend will have pullback.
Hope today up 20% since vol is certain over 30M

Something is brewing in this counter.

PLS will provided a profit guarantee in respect of the actual aggregate audited profit after tax financial years ending 2020, 2021 and 2022 of not less than RM10 million

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http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=93151&name=EA_GA_ATTACHMENTS

He must be dreaming and forgotten that the rights issue had caused the share issued now almost 16 bil shares.
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Posted by (70B-SAPNRG-3Yrs) Philip > Mar 14, 2019 03:59 PM | Report Abuse

stockraider bought a lot of sapura at 0.29, he is hoping sapura to become next rm3 company in 3 years 3 months.