It is klk terminate lah!

Not tsh terminate mah!

Must be some evidence found in the due diligence loh!

Bcos cannot simply terminate mah!


Posted by calvintaneng > Dec 12, 2021 11:57 AM | Report Abuse

Tsh realised those Kutai lands far too valuable to sell to Klk as Kutai lands are gold mines
So Tsh managed to call off the deal

Because of that Klk quickly grabbed and took ijmplant private from Rm1. 86 to Rm3. 10

Tsh lands are identical to ijmplant lands located nearby in Sabah, East Kalimantan and Sumatra

So the lands as just as valuable as those owned by ijmplant

Near to tsh lands are the operations of Klk and Wilmar

Don't talk down to buy Tsh on the cheap
Just don't miss Tsh if you missed ijmplant at Rm1. 86

Get some before too late

What is the use leh for chasing this type of dream leh ?

U think can meh?

The recent topgloves number 2 largest company in msia situation is just pure luck mah!

Lu tau boh ??

Tan Sri can still be very proud of this achievement & keep dreaming every night loh!


Posted by UlarSawa > Dec 12, 2021 11:51 AM | Report Abuse

Wei Fortune Top 500 in 2030 lah. Not today or tomolo hit lah. What you know about MNC company. You pun takda run MNC b4 talk paper only. What is the different between you and Tan Sri is you talk paper. Tan Sri put effort to make it happen like he did make TG become Taikor in Gloves industry. Correct?



stockraider No more loh!

At least Tan Sri can shiok sendiri every night...his top glove...did hit number most valuable company in msia at once upon the time mah!


Posted by UlarSawa > Dec 12, 2021 11:36 AM | Report Abuse

Tan Sri with ambition want to be Fortune Top 500 company we all must sapot him lah. Tan Sri want to make Taikor proud mah. Why you so bad said Tan Sri tricked you all kah. Not that Tan Sri ada jual saham leh. He also top up at much higher price also leh. Makan apa can makan tapi mulut mau control sikit leh. Gloves ASP normalising is normal leh. Must look forward see how Taikor perform moving forward leh. Not than Taikor is loss making company leh. Still ada 185mil profit you tell ular how many bursa listed company can produce such profit in a qtr lah. Dont talk ayam ok. Correct?



8899EL8899 the trick TAN SRI doing is very beautiful, you won`t notice, he is very smart man.
12/12/2021 11:15 AM
12/12/2021 11:39 AM

This is to be Humantarian mah!

Even if it is very dangerous for china Govt loh!

Need to give a try mah!


posted by uncensored > Dec 12, 2021 11:47 AM | Report Abuse

They trying to put in safety measure la... scare that fire might break out in their back yard hehehe



Posted by uncensored > Dec 12, 2021 11:50 AM | Report Abuse

Use money to drive the devil.... to work for them. Beware might be back fire to themselves.

But becareful loh!

I remember TSH did sell these land to KLK and a conditional S&P was even signed mah!

But after due diligence KLK cancel the deal it and later buy IJM Plant mah!

This is the same story quite similar to, where Dutaland sold their sabah plantation land to IOI and a conditional S&P was signed but after due diligence IOI revoked the deal mah!

Dutaland has no choice but look for another suiyee loh!

They found another suiyee BPlant...that bought it over from dutaland loh!

The rest is history loh....after Bplant bought over the plantations, its share price collapse to as low as below 40 sen loh....bcos of losses in this investment loh!

Be very cautious with this TSH land deal loh &.... try to ask why KLK rejected the conditional S&P leh ?



Better wait for finalization of the deal 1st mah!

This to avoid uncertainty mah!

Better look into Taann, Bplant and swkplant 1st loh!



Posted by Investorrr > Dec 12, 2021 11:11 AM | Report Abuse

if long term investments, better hope and forecast into TSh 's core earnings only.hope for consistently palm oil price above rm5k per ton for 1st half in 2022.The land sales profit is just a one time profit.


Posted by stockraider > Dec 12, 2021 11:19 AM | Report Abuse X

If the deal failed for 2nd time, it means big red flag loh!

If one due diligence koyak & another also koyak ?

Then something like Serba loh...KPMG see something wrong & then EY see also something wrong loh!

Very suspicious Company loh!


Posted by Investorrr > Dec 12, 2021 10:55 AM | Report Abuse

even If those land sales failed to materialise .TSh share now is under value ,could stil hold above rm1.10.

I thought china already invited many many islamic country to visit all gives thumb up wor!

Lu tau boh ?


Posted by uncensored > Dec 12, 2021 11:43 AM | Report Abuse

For you to go there to find out la...:)

Wait until ASP hit USD 55...see what happen 1st lah!

Wait until ASP hit USD 55...see what happen 1st lah!

U think so nice cannot make up by hollywood meh?

So easy mah!

Maybe if the interview is also conducted in mandrin with the refugee it will be more real loh!

Posted by uncensored > Dec 12, 2021 11:32 AM | Report Abuse

“Brave” Chinese citizen journalist gets rare video of nearly 20 Xinjiang Uyghur internment camps.

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

No more loh!

At least Tan Sri can shiok sendiri every night...his top glove...did hit number most valuable company in msia at once upon the time mah!


Posted by UlarSawa > Dec 12, 2021 11:36 AM | Report Abuse

Tan Sri with ambition want to be Fortune Top 500 company we all must sapot him lah. Tan Sri want to make Taikor proud mah. Why you so bad said Tan Sri tricked you all kah. Not that Tan Sri ada jual saham leh. He also top up at much higher price also leh. Makan apa can makan tapi mulut mau control sikit leh. Gloves ASP normalising is normal leh. Must look forward see how Taikor perform moving forward leh. Not than Taikor is loss making company leh. Still ada 185mil profit you tell ular how many bursa listed company can produce such profit in a qtr lah. Dont talk ayam ok. Correct?



8899EL8899 the trick TAN SRI doing is very beautiful, you won`t notice, he is very smart man.
12/12/2021 11:15 AM

The important point is this mah!

The ASP maybe stabilise at USD 55 for msia loh!

That means another at least 20% lower loh!

How much profit will be impacted base on this scenario leh ?

Posted by stockraider > Dec 12, 2021 11:08 AM | Report Abuse X

Very interesting facts from these figures for Sept to OCT...the ASP of china improve by Usd 1.83 to USD 53.14 whereas the ASP of msia fell by USD 6.60 to USD 67.47 loh!


Posted by CharlesT > Dec 12, 2021 11:01 AM | Report Abuse

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar

Seeing this price difference n the recent 80% to 90% plunge in profit of CAreplus of Topglove n yet u still wanna buy glove now for long term I trust u must have iron balls.....

Good....

The important point is this mah!

The ASP maybe stabilise at USD 55 for msia loh!

That means another at least 20% lower loh!

How much profit will be impacted base on this scenario leh ?

Posted by stockraider > Dec 12, 2021 11:08 AM | Report Abuse X

Very interesting facts from these figures for Sept to OCT...the ASP of china improve by Usd 1.83 to USD 53.14 whereas the ASP of msia fell by USD 6.60 to USD 67.47 loh!


Posted by CharlesT > Dec 12, 2021 11:01 AM | Report Abuse

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar

Seeing this price difference n the recent 80% to 90% plunge in profit of CAreplus of Topglove n yet u still wanna buy glove now for long term I trust u must have iron balls.....

Good....

Same principle mah!

Raider remember to warn people when topgloves was Rm 12.50...on this facemak v glove thing....that will eventually affect gloves loh!

They say the samething it is different...like apple & orange loh!

Ha...Ha...Now at topgloves at rm 2.16 they still say is different like apple v orange loh!

If they just had listen....they would have escape the heart pain of capital loss above 80% loh!

Posted by Fly888888 > Dec 12, 2021 11:21 AM | Report Abuse

Face Mask is not Glove , cannot compare Apple to orange boss.
Haiya...

Same principle mah!

Raider remember to warn people when topgloves was Rm 12.50...on this facemak v glove thing....that will eventually affect gloves loh!

They say the samething it is different...like apple & orange loh!

Ha...Ha...Now at topgloves at rm 2.16 they still say is different like apple v orange loh!

If they just had listen....they would have escape the heart pain of capital loss above 80% loh!

Posted by Fly888888 > Dec 12, 2021 11:21 AM | Report Abuse

Face Mask is not Glove , cannot compare Apple to orange boss.
Haiya...

Fake lah!

They use a Syrian refugee footage for xinjiang mah!

This Guan Guan is a CIA agent loh!

Do not get kon lah!

No evidence mah!


Posted by uncensored > Dec 12, 2021 11:25 AM | Report Abuse

According to RFA, a Chinese netizen named Guan Guan recently traveled to Xinjiang and recorded footage of the concentration camps where millions of Uighurs and other minorities who do not support the Chinese Communist Party are detained.

https://www.youtube.com/watch?v=mKddw5JHmEs

If the deal failed for 2nd time, it means big red flag loh!

If one due diligence koyak & another also koyak ?

Then something like Serba loh...KPMG see something wrong & then EY see also something wrong loh!

Very suspicious Company loh!


Posted by Investorrr > Dec 12, 2021 10:55 AM | Report Abuse

even If those land sales failed to materialise .TSh share now is under value ,could stil hold above rm1.10.

Boloh Ular !

Tak malu loh!

Posted by IronShirt > Dec 12, 2021 11:10 AM | Report Abuse

why so Hot Ular?...You forgot you got NO shares....Or you forgot "What you forgot"

I read the presentation of topgloves loh!

They want to slow down expansion in which is a very good strategy to conserve cash and reduce capacity loh!

But still the challenges of ASP is still keep falling mah!


Posted by UlarSawa > Dec 12, 2021 11:07 AM | Report Abuse

So many so high takda own or manage a MNC one b4 only can talk paper like educator teaching in the classroom lah. Tan Sri with so many years experience in glove industry still need you all ayam to teach him how to run gloves kah. Take a mirror and see yourself lah. Arre you qualified or not. You ada PhD kah. Taikor inside working many PhD holders lah. You lagi mau teach Tan Sri PhD holder how to run business with paper kah. Apa lah. Diam lah. Tak rasa malu kah. Correct?

Already Granted access but the west refuse to listen but when around twisting the facts loh!

Very interesting facts from these figures for Sept to OCT...the ASP of china improve by Usd 1.83 to USD 53.14 whereas the ASP of msia fell by USD 6.60 to USD 67.47 loh!


Posted by CharlesT > Dec 12, 2021 11:01 AM | Report Abuse

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar

Seeing this price difference n the recent 80% to 90% plunge in profit of CAreplus of Topglove n yet u still wanna buy glove now for long term I trust u must have iron balls.....

Good....

Very interesting facts from these figures for Sept to OCT...the ASP of china improve by Usd 1.83 to USD 53.14 whereas the ASP of msia fell by USD 6.60 to USD 67.47 loh!


Posted by CharlesT > Dec 12, 2021 11:01 AM | Report Abuse

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar

Seeing this price difference n the recent 80% to 90% plunge in profit of CAreplus of Topglove n yet u still wanna buy glove now for long term I trust u must have iron balls.....

Good....

China is giving industrial training to these people to give them a better life in the future mah!


Posted by Eastern686 > Dec 12, 2021 11:00 AM | Report Abuse

Why do you think the Chinese government want to re-educate the Uighur??? There r around 50 minority race in China, only the Muslim Uighur hv the NIAT to establish their own country. Just like the southern Thailand Muslim and the Mindanao Muslim which the world known as separatists, is it any wonder that the Chinese government r targeting the Uighur to reeducation camp? Why no other minorities in China r subject to such camp? ASK urself; you hv the answer.

Betul loh...better becareful do not get caught loh!


Let Raider explain how Fintec Gang kon u loh!

And how u can spot the kon loh!

LU TAU BOH ??

This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!

If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!

For example U will notice that Netx will buy into mlabs loh!

And fintec will buy into netx & so forth loh!

Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?

It can never be mah!

Bcos this people do not know how to run real business well for profit mah!

The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!

When Gloves is successful they will come up with AT loh!

The strategy is to entice u to get trap in their share mah!

Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!

Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!

So effectively...it is a bailing out of its cronies loh!

U SHOULD NOT TRUST THIS TYPE OF OWNER LOH!

Possible mah!

Just look at facemask u will understand loh!

Posted by Fly888888 > Dec 12, 2021 10:57 AM | Report Abuse

US Market

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar

Do you think that China ASP price will drop 20% like pasar malam around 40 dollar next week month ?

Better wait for finalization of the deal 1st mah!

This to avoid uncertainty mah!

Better look into Taann, Bplant and swkplant 1st loh!

Likely that the IPO to be not that successful with current poor result mah!


Posted by 8899EL8899 > Dec 12, 2021 10:52 AM | Report Abuse

top glove `s hong kong ipo is like fintech companies doing private placement,............. sell it down first,.................... buy the private placement shares at 10% lower, .............make a huge profit.

Correct mah!

Cheaper yes but china is catching up with good quality too loh!

It may even surpassed msia soon mah!


Posted by CharlesT > Dec 12, 2021 10:50 AM | Report Abuse

China's glove r cheaper lah aiyo Stockraider

Do not be silly lah!

Gloves are simple products...not rocket science mah!

The 10 yrs R&D on GLOVES are just disguise & advertisement and promotional mah!

China with ability to send people to the moon & mars....do u not think they have no technology to tackle simple good quality .......gloves products ah ?

Think lah!

Posted by Fly888888 > Dec 12, 2021 10:24 AM | Report Abuse

Malaysia Glove factory and R/D more than 10 years.
Do you think the China Glove Quality will be better than Malaysia ?
Just sell all you Glove Stock like Harta , Kossan and Topglove if you think the China Glove quality is better than Malaysia.


Posted by CharlesT > Dec 12, 2021 10:46 AM | Report Abuse

If price difference is ard 20% to 30% leh?

I will still buy Msia glove for my own use lah...as for my Bangla workers I will buy cheaper one....


Posted by stockraider > Dec 12, 2021 10:48 AM | Report Abuse X

HAiyah...u look at proton msia own v proton china own...u will understand the power of chinese co mah!

It is no joke the chinese is coming & catching up fast with much cheaper price loh!

HAiyah...u look at proton msia own v proton china own...u will understand the power of chinese co mah!

It is no joke the chinese is coming & catching up fast with much cheaper price loh!


Posted by CharlesT > Dec 12, 2021 10:46 AM | Report Abuse

If price difference is ard 20% to 30% leh?

I will still buy Msia glove for my own use lah...as for my Bangla workers I will buy cheaper one....

Do not be silly lah!

Gloves are simple products...not rocket science mah!

The 10 yrs R&D on GLOVES are just disguise & advertisement and promotional mah!

China with ability to send people to the moon & mars....do u not think they have no technology to tackle simple good quality .......gloves products ah ?

Think lah!

Posted by Fly888888 > Dec 12, 2021 10:24 AM | Report Abuse

Malaysia Glove factory and R/D more than 10 years.
Do you think the China Glove Quality will be better than Malaysia ?
Just sell all you Glove Stock like Harta , Kossan and Topglove if you think the China Glove quality is better than Malaysia.

But becareful loh!

I remember TSH did sell these land to KLK and a conditional S&P was even signed mah!

But after due diligence KLK cancel the deal it and later buy IJM Plant mah!

This is the same story quite similar to, where Dutaland sold their sabah plantation land to IOI and a conditional S&P was signed but after due diligence IOI revoked the deal mah!

Dutaland has no choice but look for another suiyee loh!

They found another suiyee BPlant...that bought it over from dutaland loh!

The rest is history loh....after Bplant bought over the plantations, its share price collapse to as low as below 40 sen loh....bcos of losses in this investment loh!

Be very cautious with this TSH land deal loh &.... try to ask why KLK rejected the conditional S&P leh ?

Betul loh...better becareful do not get caught loh!


Let Raider explain how Fintec Gang kon u loh!

And how u can spot the kon loh!

LU TAU BOH ??

This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!

If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!

For example U will notice that Netx will buy into mlabs loh!

And fintec will buy into netx & so forth loh!

Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?

It can never be mah!

Bcos this people do not know how to run real business well for profit mah!

The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!

When Gloves is successful they will come up with AT loh!

The strategy is to entice u to get trap in their share mah!

Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!

Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!

So effectively...it is a bailing out of its cronies loh!

U SHOULD NOT TRUST THIS TYPE OF OWNER LOH!

Betul loh...better becareful do not get caught loh!


Let Raider explain how Fintec Gang kon u loh!

And how u can spot the kon loh!

LU TAU BOH ??

This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!

If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!

For example U will notice that Netx will buy into mlabs loh!

And fintec will buy into netx & so forth loh!

Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?

It can never be mah!

Bcos this people do not know how to run real business well for profit mah!

The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!

When Gloves is successful they will come up with AT loh!

The strategy is to entice u to get trap in their share mah!

Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!

Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!

So effectively...it is a bailing out of its cronies loh!

U SHOULD NOT TRUST THIS TYPE OF OWNER LOH!

Betul loh...better becareful do not get caught loh!


Let Raider explain how Fintec Gang kon u loh!

And how u can spot the kon loh!

LU TAU BOH ??

This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!

If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!

For example U will notice that Netx will buy into mlabs loh!

And fintec will buy into netx & so forth loh!

Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?

It can never be mah!

Bcos this people do not know how to run real business well for profit mah!

The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!

When Gloves is successful they will come up with AT loh!

The strategy is to entice u to get trap in their share mah!

Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!

Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!

So effectively...it is a bailing out of its cronies loh!

U SHOULD NOT TRUST THIS TYPE OF OWNER LOH!

Betul loh...better becareful do not get caught loh!


Let Raider explain how Fintec Gang kon u loh!

And how u can spot the kon loh!

LU TAU BOH ??

This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!

If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!

For example U will notice that Netx will buy into mlabs loh!

And fintec will buy into netx & so forth loh!

Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?

It can never be mah!

Bcos this people do not know how to run real business well for profit mah!

The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!

When Gloves is successful they will come up with AT loh!

The strategy is to entice u to get trap in their share mah!

Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!

Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!

So effectively...it is a bailing out of its cronies loh!

U SHOULD NOT TRUST THIS TYPE OF OWNER LOH!

Betul loh...better becareful do not get caught loh!


Let Raider explain how Fintec Gang kon u loh!

And how u can spot the kon loh!

LU TAU BOH ??

This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!

If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!

For example U will notice that Netx will buy into mlabs loh!

And fintec will buy into netx & so forth loh!

Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?

It can never be mah!

Bcos this people do not know how to run real business well for profit mah!

The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!

When Gloves is successful they will come up with AT loh!

The strategy is to entice u to get trap in their share mah!

Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!

Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!

So effectively...it is a bailing out of its cronies loh!

U SHOULD NOT TRUST THIS TYPE OF OWNER LOH!

U use to boast like that with QL, stoneage and serba....why now suddenly sing a different song leh ?


Posted by Philip ( buy what you understand) > Dec 12, 2021 9:52 AM | Report Abuse

Just look at the long term results of my investment in pchem. It's all transacted and details are posted. My average down cost now at 6+, whole I received 1.7m in dividends. My average cost now has dropped to 17 million, with 6.2 million unrealised gains. My losses in serba is something that I regret, but my long term gains in my portfolio is still better than those who tell people to buy netx.

This Mike talk like very Basic layman & do not understand the principle of stock mkt loh!

Lu tau boh ?

For a share to be sustainability rise non stop, it must have good liquidity mah!
Thats why Bursa always say listed vehicle must have good free floats mah!

Thong been an Esteemed Oxford Graduate, understood this principle, thats why funds like EPF & Kwap can owned more than 20% of Inari at the height bcos of the intelligent of Insas Mah!

No doubt Insas shareholding had been trimmed to below 15% but then Inari value insas is holding, now exceed Rm 2 billion or equivalent to Rm 2.80 value of inari... per insas share loh!

Successful companies like Apple, Microsoft, Amazon, Alphabet, Tesla and facebook, u can ask yourself how much the managing shareholder own leh ?
It is from 5% to 20% only mah!

For example Bill Gates hold less than 5% of microsoft, he is already the richest man in the world mah!

Thong being highly intelligent understand this principle mah!
It has grown Insas holding value in Inari from Rm 280m during listing to more than Rm 2 billion an astounding meteroic RISE loh!

If Insas will to distribute INARI (in which he is likely to do future} which has great value....all the insas shareholders will chak beh liaw loh!

Lu tau boh ?

This Mike talk like very Basic layman & do not understand the principle of stock mkt loh!

Lu tau boh ?

For a share to be sustainability rise non stop, it must have good liquidity mah!
Thats why Bursa always say listed vehicle must have good free floats mah!

Thong been an Esteemed Oxford Graduate, understood this principle, thats why funds like EPF & Kwap can owned more than 20% of Inari at the height bcos of the intelligent of Insas Mah!

No doubt Insas shareholding had been trimmed to below 15% but then Inari value insas is holding, now exceed Rm 2 billion or equivalent to Rm 2.80 value of inari... per insas share loh!

Successful companies like Apple, Microsoft, Amazon, Alphabet, Tesla and facebook, u can ask yourself how much the managing shareholder own leh ?
It is from 5% to 20% only mah!

For example Bill Gates hold less than 5% of microsoft, he is already the richest man in the world mah!

Thong being highly intelligent understand this principle mah!
It has grown Insas holding value in Inari from Rm 280m during listing to more than Rm 2 billion an astounding meteroic RISE loh!

If Insas will to distribute INARI (in which he is likely to do future} which has great value....all the insas shareholders will chak beh liaw loh!

Lu tau boh ?

This Mike talk like very Basic layman & do not understand the principle of stock mkt loh!

Lu tau boh ?

For a share to be sustainability rise non stop, it must have good liquidity mah!
Thats why Bursa always say listed vehicle must have good free floats mah!

Thong been an Esteemed Oxford Graduate, understood this principle, thats why funds like EPF & Kwap can owned more than 20% of Inari at the height bcos of the intelligent of Insas Mah!

No doubt Insas shareholding had been trimmed to below 15% but then Inari value insas is holding, now exceed Rm 2 billion or equivalent to Rm 2.80 value per insas share loh!

Successful companies like Apple, Microsoft, Amazon, Alphabet, Tesla and facebook, u can ask yourself how much the managing shareholder own leh ?
It is from 5% to 20% only mah!

For example Bill Gates hold less than 5% of microsoft, he is already the richest man in the world mah!

Thong being highly intelligent understand this principle mah!
It has grown Insas holding value in Inari from Rm 280m during listing to more than Rm 2 billion an astounding meteroic RISE loh!

If Insas will to distribute INARI (in which he is likely to do future} which has great value....all the insas shareholders will chak beh liaw loh!

Lu tau boh ?

Rubbish lah!

The top country for great response is china mah!

How could USA be the top with world record deaths & world record covid cases leh ?

Not so bad lah!

I think will be above Rm 1.00 loh!


Posted by DickyMe > Dec 11, 2021 4:53 PM | Report Abuse

DickyMe 80 sen coming soon!

No loh...!!

Most likely fake accounts mah!

No one will dare to lend loh!


Posted by superrr > Dec 11, 2021 4:45 PM | Report Abuse

The bond defaulted, can't get banks loan in the future, can't fulfill Bursa A/C requirement, Do u think sd still got chance to survive...

Both Biden & Trump are soorhaiii loh!

Do not be silly lah!

Middle man sometimes reduce cost of food instead of increasing it mah!

This is bcos middle man have good infra to distribute food mah!

It ecomomics 101 mah!

Cost of living can be reduce if govt stop being wasteful & encourage more efficient production mah!

No point sue serba, bcos SB going to bankrupt loh!

If can sue karim for fraud maybe can recover something loh!

Just like 1MDB mah!

What jobs govt created leh ?

JUST STAY AWAY FROM PEOPLE THAT HAVE DOUBTFUL CHARACTER MAH!

Posted by stockraider > Dec 11, 2021 4:13 PM | Report Abuse X

THE BOND DEFAULT ARE A GREATER PROBLEM THAN SERBA AUDIT ISSUES, ALTHOUGH BOTH ARE RELATED MAH!

KUALA LUMPUR: Engineering services company Serba Dinamik Holdings Bhd has been downgrade by S&P Global Ratings. The global rating agency downgraded Serba Dinamik to ‘D’ on the missed coupon payment of its sukuk.

It said the downgrade reflects the rating agency’s view that the company would generally be in default of its debt obligations after it failed to meet its missed coupon payment within the stated grace period of 30 days.

“The grace period expired on Dec 9, 2021.

“We lowered the issuer credit rating to ‘D’ from ‘CC’ because the default on its US$222mil (RMRM937mil) sukuk due May 2022 is likely to trigger a cross-default on its US$180mil (RM760mil) sukuk due March 2025 as well as long-term banking facilities.

“We estimate 70% of the company’s total outstanding debt as of Sept 30, 2021, could be liable for immediate repayment,” it added.

The company’s missed US$7mil (RM30mil) coupon payment on its sukuk indicates that the it is unable to remain current on its debt obligations. After a partial repayment of US$500,000 (RM2.1mil) on Nov 23, the current outstanding coupon payment due is US$6.5mil (RM27.4mil).

“In our view, its ensuing court proceedings with ex-auditor KPMG PLT, stock exchange Bursa Malaysia and special independent auditor Ernst & Young Consulting Sdn Bhd would further hinder its access to external capital funding.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

“In the meantime, we expect the company to face a continued cash drain from its working capital-intensive operations over the next 12 months. This would further deplete its reported cash balance of RM290mil as of Sept 30, 2021.

“This cash balance is dwarfed by the company’s sizable RM1.48bil of debt maturing over the next 12 months, which is largely made up of a RM99mil syndicated loan amortisation payment due in December 2021, RM100mil of commercial paper and the US$222mil (RM937mil) sukuk. Both the commercial paper and sukuk are due in May 2022,” S&P Global said.

The company also has an upcoming coupon payment due on its outstanding US$180mil (RM760mil) sukuk in March 2022.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

Serba Dinamik’s Islamic Commercial Papers (ICP) rating remains at MARC-4IS which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100mil ICP.

“MARC’s downgrade action is premised on the missed semi-annual coupon payment of US$7mil (RM30mil) on the outstanding US$222mil (RM937mil) senior sukuk issued by Serba Dinamik’s wholly-owned indirect subsidiary, SD International Sukuk Ltd,” it said in a statement.

The coupon payment was due on Nov 9, 2021 and the company confirmed that no payment was made during the 30-day grace period which ended on Dec 9, 2021.

As a result of this default, there is now an increasing likelihood of a cross default trigger under the IMTN and ICP programmes. Should sukuk holders declare an event of default, the ratings of both programmes will be downgraded to DIS,” it said.

ONLY 2020 MAYBE OPERATIONALLY LOSE MONEY BCOS OF HUGE IMPAIRMENT LOH!

BUT YR 2021 WHERE GOT LOSE MONEY LEH ???

RECORD PROFIT ACHIEVED IN 2021 MAH!

LU TAU BOH ?

THE BOND DEFAULT ARE A GREATER PROBLEM THAN SERBA AUDIT ISSUES, ALTHOUGH BOTH ARE RELATED MAH!

KUALA LUMPUR: Engineering services company Serba Dinamik Holdings Bhd has been downgrade by S&P Global Ratings. The global rating agency downgraded Serba Dinamik to ‘D’ on the missed coupon payment of its sukuk.

It said the downgrade reflects the rating agency’s view that the company would generally be in default of its debt obligations after it failed to meet its missed coupon payment within the stated grace period of 30 days.

“The grace period expired on Dec 9, 2021.

“We lowered the issuer credit rating to ‘D’ from ‘CC’ because the default on its US$222mil (RMRM937mil) sukuk due May 2022 is likely to trigger a cross-default on its US$180mil (RM760mil) sukuk due March 2025 as well as long-term banking facilities.

“We estimate 70% of the company’s total outstanding debt as of Sept 30, 2021, could be liable for immediate repayment,” it added.

The company’s missed US$7mil (RM30mil) coupon payment on its sukuk indicates that the it is unable to remain current on its debt obligations. After a partial repayment of US$500,000 (RM2.1mil) on Nov 23, the current outstanding coupon payment due is US$6.5mil (RM27.4mil).

“In our view, its ensuing court proceedings with ex-auditor KPMG PLT, stock exchange Bursa Malaysia and special independent auditor Ernst & Young Consulting Sdn Bhd would further hinder its access to external capital funding.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

“In the meantime, we expect the company to face a continued cash drain from its working capital-intensive operations over the next 12 months. This would further deplete its reported cash balance of RM290mil as of Sept 30, 2021.

“This cash balance is dwarfed by the company’s sizable RM1.48bil of debt maturing over the next 12 months, which is largely made up of a RM99mil syndicated loan amortisation payment due in December 2021, RM100mil of commercial paper and the US$222mil (RM937mil) sukuk. Both the commercial paper and sukuk are due in May 2022,” S&P Global said.

The company also has an upcoming coupon payment due on its outstanding US$180mil (RM760mil) sukuk in March 2022.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

Serba Dinamik’s Islamic Commercial Papers (ICP) rating remains at MARC-4IS which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100mil ICP.

“MARC’s downgrade action is premised on the missed semi-annual coupon payment of US$7mil (RM30mil) on the outstanding US$222mil (RM937mil) senior sukuk issued by Serba Dinamik’s wholly-owned indirect subsidiary, SD International Sukuk Ltd,” it said in a statement.

The coupon payment was due on Nov 9, 2021 and the company confirmed that no payment was made during the 30-day grace period which ended on Dec 9, 2021.

As a result of this default, there is now an increasing likelihood of a cross default trigger under the IMTN and ICP programmes. Should sukuk holders declare an event of default, the ratings of both programmes will be downgraded to DIS,” it said.

Yes Plantation has a better barrier of entry...bcos they are limited land & gestation period is 4 to 6 yrs loh!