295day AWB contract awarded

Velesto to monetize its JUps in this upcycle, kata maybank. Jual semua JUps and return money to shareholders and tutup kedai. Better option.

Maybank call:Hold, TP:26

This is company is worth….less

Jgn ckp byk. Go long.

Mhb free float ni sikit jugak rupanya. Less than 20%.

Mhb ni kalau nak terbang, 10 sen sehari dia pegi

Evry rm1 mhb makes, petronas take back 30 sen via misc.

Restructuring annoucement otw. Tak tahu bila.

Now tunggu big boys sell to each other.

PNB already owns significant % of velesto. Buying more could trigger MGO. Foreign fund and local unit trusts could push the price. In the mean time, merangkak dulu

Mhb order book now is more than when it first ipo in 2010. Duit ipo dulu utk yard development pun tak abis pakai lagi.

81% mhb owns by only 4 major shareholders; MISC,technip,Jemaah Urusharta, Tabung angkatan tentera.

Go long

Fund belum masuk. Ikan bilis jer now. Go long

4 B contract

Nak jalan

Restructuring in final stage already. Dont know when alam want to announce. Maybe can ask during AGM in december.

Boleh pergi jauh ini stock. Jauh ke dalam laut.

If u got access to long term drilling sequence for 2022-2025in sarawak, peninsular and sabah production areas, then u can estimate drilling duration and thus potential revenues as contract does not specify values.

Takde walaoeh oil price ke hari ni? Hehehe

Baru nak ngaku PN17 sbb audit qualifier tu

Road maintenance contract looked legit. 138 mill for 5 years. Scib 70% interest in the jv with sasoakai resources. However works are on concession basis, but based on how corrupt people in power are, they will used up all the 138mil with unnessary tampal jalan and potong rumpur. Hehehe

Go and see contract award announcement by scib on 9 feb 2021 by lestari asiabina for lot 6036 block 26 Muara Tuang worth rm 421 million and contract awarded to ibraco announced on 2 nov 2021 also by lestari asiabina worth rm375 million for the same project. Nak percaya siapa?

Tgk mcmana Q2 sept-dec2021 financial report. Rasanya terbongkang jugak kompeni ni.

By tis friday hv to submit AR. Kalu xde, next week start delisting.

Bond money used to pay dividen. And who received the most? He is a smart c man.

Kompeni ni pun tunggu masa jer nak bungkus.

Serbadk stocks are basically worthless.

Rm99M due dec 2021, rm100m commercial paper and sukuk USD222M(rm937M) due may 2022. Upcoming coupon payment for USD 180M(Rm760M) sukuk in march 2022.

Current coupon payment USD 7million; dpt bayar USD500k jer; oustanding lagi USD6.5M.

Reported Cash in bank as of sept 2021 - RM290M.

Sapa ada RM1.48B boleh bagi pinjam sama SD in the next 12 months?

Hahaha. Ok ok.

And byk lagi issues yg meragukan on the suppliers.

Actually, auditors went to Bahrain to verify and went to the address; it was a supermarket.

Transaction today abt 21 m myr, wipe out 450m market cap sapula? Biar betul

Esok kuching mati rebound

Bila market tutup baru lah nak keluar press statement “SAPRNG denies asset sales”. Nak jual apa lagi, all good asset sudah dulu jual.

Daripada gi gamble kat pak brahim tu baik sapula ni. Cuma sapula kena reorg operation, cost cut, start bayar the supplier n vendors. Byk sgt kena sumpah.

Boleh beli dah harga mcm ni. Sapa ada duit lebih boleh lah walau pun risks outweighed the reward. Org mesia kan suka betting. Hehehe

Sapura has about 11 billion ringgit debt. Very much More than its today market cap. Tido ka management sapula?

Buang jer DAT tu. Too many ex shell. They dont know how to run a business. Shell malaysia is run by hq Hague. They are just dutch macais because of malaysianisation requirement.

Take sap and velesto private. Reorg into lean machine. Re list at higher price and cash out.

Serba is insolvent.

As of june 2021, SD reported asset 8.56B, liability 4.67B. If those 4.6 B asset of trade receivables, material stocks n else are fake, SD is basically doomed.

The problem with 4 billion plus trade receivables is that it is not real. There is no money coming to the coffer.

SC masuk campur kalu, mmg tinggal spender jer SD.

The Laos hydropower NAM TEAP 1 and 2 also quite interesting business arrangement. Tunggu wa investigate dulu. Byk sangat parties yg involve.

Kpower announced they received LOA on 27 Aug 2020 for the same project awarded to CNEEC earlier in 2019z

The mid-hongu Khola A hydropower was reported to be awarded to CNEEC china national electric engineering company on 23 sept 2019- source cneec.com.cn

I hv done some research on the hydropower projects awarded to kpower especially in Nepal. Tak convince that they got the project.

Possible fake project announcement.

One good thing from this is the audited account can come earlier than end Dec but share price will take a beating.