The Board of Directors of Straits ("Board") is pleased to announce that Victoria STS (Labuan) Sdn. Bhd. (“Victoria”), a 70% owned Subsidiary Company of Fajar Maritime and Logistics Sdn Bhd ("FML"), which in turn is a 60% owned Subsidiary Company of Straits had on 12 July 2021 received a letter of approval ("LOA") from Marine Department Malaysia for the development of Ship to Ship Energy Transhipment Hub to provide and carry out liquid cargo transfer activities such as crude oil, marine gas oil, marine diesel oil, marine fuel oil, liquefied natural gas (“LNG”) and liquefied petroleum gas (“LPG”) from ship to ship (“STS”) within the port limits of Victoria Bay subject to the terms and conditions stated in the LOA .
"“The acceptance of the LOA will not have any effect on the issued share capital, and the shareholding of the substantial shareholders of Straits, as it does not involve any issuance of ordinary shares in Straits."
This means no share dilution but profits will increase. Earlier, Straits will be working with Petronas Dagangan to distribute marine bunker to ships. It may be worth more than 0.29, conservatively valuing this stock
Straits "Collaboration Partner" adalah MMS salah satu anak syarikat Petronas. Video klip (outstanding, ada soundtrack macam movie Avatar) itu satu informasi bagus untuk orang biasa macam saya yang tak tahu apa itu STS Hub.
wow..so angry simon. we buy for the prospect..price drop doesnt means that they are con management. So far i dont see any director sold their holding. instead they topping up. Price up & down is because some of the punter cannot patience and just want an easy money from klci
Not many aware of the super positive financial impact of their recent energy STS hub announcement. This project will totally transform Straits into a major clean energy LNG and LPG player. Watch out for this clean energy gem. Once it goes on a roadshow to fund managers soon its price will explode
I believe Straits very good company. Owner always looking business jalan. Petronas dagangan partner and now STS asia biggest hub. A lot a lot potential. Can make very good money in trading and invest.
Already hold over 3 years . No bonus and DIV. Hope this year 2021 , give out something to shareholder la. If put in fix deposit , 3 years also not small return ( only 2020 and now interest rate drop).
i wonder who is accumulating this stock so much ??. it went sideways for months despite of many good news.. in this case, unpatient ikan bilis will always benefit them
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JK22
1,789 posts
Posted by JK22 > 2021-07-06 09:44 | Report Abuse
Let the 1 cent players dispose . And don't let them buy back