Hi, any idea who is funding the cruise terminal? Is it yongtai or Melaka/Malaysia gomen? Also, even if approved and as stated it takes 2 years to complete. So within this 2 yrs, who is the customer? By the time the terminal completed, it is time to refurbish because it is most probably outdated and worn due to wear and tear. Hope those attend AGM managed to asked this question and share here/
apalumau....SCC cruise normally include destination like phuket. So tiger show can get in phuket thailand? My collegue recently went for a cruise from singapore-Penang-Phuket and back to singapore. The stop is phuket is only 2 hours in the evening and get back on board. Read somewhere that Yongtai managed to negotiate to stop at Malacca for 1 whole day which is quite unbelivable.
@titan. the project take 2 yr? can YTB tahan 2 yr under current circumstances? or keep on private placement like now in order to survive? this cruise project approvedd by PH sate govt, so PH fu funding for this ex-MCA counter........ i really interested for this.
we talk about tiger shows since 60 sen at YTB, some say it wont never break 40 sen as they got impression city project worth 7 b. as the nyonya shows keep on burning money, i really worry YTB can last for one more yr........
when Encore opened that time, the mgmt expect it be the cash cow for sustaining YTB n whole impression project. but it seems that they made a big mistake in calculation. instead of making profit, it dragged the whole things. then tetra square hang coz of china govt policies, as no income the mgmt think of huge PP , as a result, serious dilution in shares. now it is 14.5 sen, i cant imagine how it will go, except for some magics done in future!
YTB financial problems, can be easily solved if BN govt give some allocation to them in order to help promoting our cultural activities. but it seems PH govt no interested in helping at all coz the MCA factors in it.
apalumau. Thanks for the info. So it is PH gomen funding it but 2 yrs it really long. By that time visit malaysia also finis a'dy.....maybe visit malaysia 2022.... So far i don't see any news on the cruise terminal....hmmm
of course lah, the currenr share price is cheap. the current buyers now may easily make 400 to 600% profit when it reach 90 sen, wer some may just break even in their investment. Trading Buy, if u dun think it will be PN 17! Good luck!!!
@titan. i bought YTB coz i think it is good to have some cultural events in Msia. but the cruel thing is that, local ppl easily get bored with it. lot of ppl go casino everyday, but no one will attend cultural shows daily. believe me, if BN didnt collapse during 509, this stock easily at 1. other eg, see Gkent n TARuc!
More $$$ needed....Yong Tai Bhd says it has received greenlight from the Melaka state government to develop an international cruise terminal at its flagship RM8 billion mixed development, Impression City Melaka. In conjunction with the approval, Yong Tai said it has entered into a memorandum of understanding (MoU) with Singapore Cruise Center Pte Ltd (SCC), in relation to the proposed engagement of SCC as the terminal's operator and manager.
ST=No hope as it is hopeless. Trading opportunity 0.10_0.18 for goreng only as LT 5 years div est = 0.
Huh?..the international cruise terminal will be funded by Yongtai??? Not gomen? Meaning more money burned for next 2 yrs? Also, it is MOU only with SCC? Hmmm....not my cup of tea. Mayb come visit this by end of 2021.
Until something concrete is built up to attract people besides loss making Encore and clear financing to big ambitions by local company. ... MOU here there...
tiger shows???...lol...maybe 2 kucing meow meow meow adalah..... Anyway, mayb there will be ppl goreng this .....heard got sifu buy call this at 0.20. So if u buy now, u buy cheaper than the sifu. At least you will make 40% and the sifu still not yet breakeven.
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....
richardcslim
1,248 posts
Posted by richardcslim > 2020-01-17 10:19 | Report Abuse
Don't buy now,que lower,13sen coming.