zbaikitree2, what is this deal

China rate cut to boost share market globally

Profit!!!!!

Nova was tagging along with Frontken. Nova has announced good profit and should go higher tomorrow and hope Frontken moves along

http://www.theedgemarkets.com/my/article/immediate-support-vsolar-20-sen-says-alliancedbs-research

http://www.theedgemarkets.com/my/article/takaso-sees-368-state-cross-market

Lucas Chan, you seem to be very positive on Takaso,what is your take and any reason for that>

Can someone interpret this

Once the deal to buy another construction company by March 15 this counter will shoot. 80sen-RM1.00

Is the announcement of aborting the Waste Management Plan by JAG going to be negative for this counter.OMG, whatever it is took profit today at 0.165sen disposing 2.5million shares.

Ring, we only have 7 trading days left in December and therefore KLCI must climb an average of 30.7points per day to reach the target of 1930points!!!!! Mammoth task

Hahahahahaha. We have been hearing so many stories since Suma was at 45sen and even now at 18sen there are still stories. Be careful guys, can the promoters care enough to tell what is the breakeven price for Suma since they promote Suma so much as though they know everything. Can they give an indication here. Dont be trapped at 18sen and thereafter Suma takes another dive. Wait for oil to go down to between USd40 to USD50 before it stabilises. Winter there will be some demand, what will happen after winter?????Give a thorough and indepth thoughts before diving into Suma.Just a friendly advice.

Yes Ozzie but they have simply shut themselves off after killing all their loyal shareholders. As a responsible management they should have some professional ethics to issue some statements.

How can there be a direct transacton to buy at 37sen when market price is only 23 sen. Any catch to trap us.

If Sumatec's management care about their shareholders they should make a statement about their position with this Oil crisis.What is their cost and what is their break even point. But these idiots only make statements when they want to artificially push the share price. Non ethical management!!!!

Looking at Sumatecs Balance Sheet, their receivables=RM140m.Cash & Bank=RM27m as against their Trade Payables=RM46m and Term Loans & Borrowings=RM17m. Sumatec is fine liquidity wise as their Cash & Bank balance is more than their TermLoans & Borrowings and therefore will be able to service the loans when they are due and I don't see them defaulting on their dues.It is normal for busineses to go for short term loans if they find the borrowing cost is attractive.

Current Ratio=2.63 (Very Good)
Cash Ratio=0.42 (Not too bad as standards is to have 0.5 and more)
Gearing=0.06 (below 0.5 is normally good)

Contingent Liabilty is never considered as a company's debt as they will only be reported as a Liability if the party to whom the corporate guarantees are given places a claim for default/non performance.

BE CAREFUL GUYS, IFCA MIGHT BE EXCLUDED FROM SYARIAH LIST. FOR YOUR READING PLEASURE

http://www.theedgemarkets.com/my/article/sapurakencana-falls-4-potential-shariah-list-exclusion-oil-price-drop

Risk factors as announced by Sumatec. Profit now does not guarantee future financial performance, whatmore with current oil price. But Sumatec as controlled by sharks can possibly spike but need to be careful not to be trapped again.

See point (c) below

RISK FACTORS
The current core business activities of SUMATEC are in the upstream oil and gas industry. The Proposed Acquisition will not result in any change of SUMATEC Group‟s core business activities. The risk factors in this business includes
(a) Development plans for the Buzachi Neft Oil Field are subject to risks related to delay, non-completion and cost overruns which can result in suspension of crude oil production;
(b) Unanticipated increased costs for planned capital expenditure;
(c) Fluctuation of crude oil price;
(d) Drilling and production risks;
(e) Risk of adverse sovereign action by the Kazakhstan Government;
(f) Failure to comply with the Kazakhstan‟s laws in relation to the oil and gas industry;
(g) Risk of fluctuation in foreign exchange rates; and
(h) Ability to retain and recruit skilled personnel and professional staff

When I called to talk to their CFO last Friday I was told she is in a meeting.Her Secretary told me that BOD today and asked me to call back this Friday after 3.00pm. I think the results will be released to Bursa after Friday Prayers (aka oily & gassy).Different computer problem so created a new ID and not to fool !!!!! fool ya.

What is your take on Jasa "The One".?

Europe markets have rebounded very strongly, Brent Crude is back to above USd80/barrel and Dow is expected to make a strong opening.

This can be a positive news to Sumatec.

http://www.theedgemarkets.com/my/article/oil-around-81-china-rate-cut-possible-opec-move

simondino, TP=Target Price

rooney2u for you to read. 3rd quarter RM380k (cumulative for first 9months loss of RM318k.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800377

YK John @Miraclesoon@Miracle_sooner, friend I have been diligently following your comments and lately you seem to be frustrate and desperate. Stay cool man, don't stress yourself

3rd quarter profit after 2 consecutive quarters of losses. Will this spike the rpice tomorrow.

Concern as Sumatec always tracks PDZ

PDZ reported 1Q loss. Will this affect Sumatec price tomorrow

Bruce_Lee, not 0.2sne, it will go down to 0.02 sen

do you guys believe in Looiks. Oh my GOD, he is the main shark

A double headed snake is in this forum. Be careful!!!!!

He has been saying this since 45 sen. Sumatec is only good to be used as a toilet paper

It is this same guy who said will never go down to 30 sen but now he is singing a different tune

ALL BEWARE!!! YOU ARE BEING TAKEN FOR A RIDE,I MEAN TRAIN RIDE he..he..

Investing should be more like watching grass grow. If we want excitement than Genting is the place.

Today too many Force Selling. Tomorrow should be fine

Yes, MMHE has Malikai and SK316, but considering their Yard Capacity their Order Book is considered very low as compared to THHE who has a small Yard Capacity and if they were to secure one of this CPP project their Order Book vs Yard Capacity will be considered very good. Moreover MMHE overheads are considered high as compared to THHE. MMHE has two big yards but being under utilised.

Of Petronas five CPP jobs, SK316 went to MMHE, Bergading to Hyundai Korea. Baronia is rumoured to be awarded to Hyundai as well. So remaining Sepat and Kasawari. THHE need to secure at least one CPP , failing which it expects its yard to be empty after completing Kinabalu. (Source :The Edge Malaysia). Petronas with the drastic fall in oil price below USD80 per barrel has indicated that it might consider to defer its capital expenditure if the pricing by fabricators are not cost effective.

Latest talk in the market is that THHE might be awarded the Baronia CPP project and if this is true THHE share price will rebound strongly. Keep your eyes and ears for any development here.

It is not Demand & Supply issue. Saudi Arabia has joined hands to "KILL" America with its shale oil production. For this reason Saudi is selling oil to American buyers at a much lower price than to Asian buyers. Saudi is willing to maintain the crude oil price at around USD80+ even if this brings a lower profit margin to them as they have sufficient foreign reserve to support their lower price mechanism. If America is not stopped in their strides, it will dislodge Saudi Arabia and become the number producer of Crude Oil. Source : Weeken Focus and The Edge

The BULLS are having their days at the European Markets and the same is expected in the US MArket today. Will this charge reach Malaysia tomorrow.

http://ir.chartnexus.com/shareinsight/ecm/index.php?sc=1201&mkt=klse

Another interesting chart

http://klse.i3investor.com/blogs/RandomTrading/61832.jsp