already at 3 year low and promoter probably had gone to vietnam to see when the MC going to sign agreement for the THERMAL POWER PLANT. Meanwhile price will keep dropping and qr will be worse than before. Only news can shore up its price..
If the sell wall persists but doesn’t cause significant price drops, it indicates strong demand and confidence in the acquisition rumors - bullish signal.
BAD CNY for investors who had been influenced to buy above RM1 and 0.70. anyway good news is you will be told good news will be coming CNY, and then before Raya just like good news were expected before September , October, November and Christmas last year! haha. Still waiting for price surge not good news!
I have missed an announcement on 06 Jan: TVHB has issued a Notice of Dispute ("Notice") to MOIT. Pursuant to the BOT Contract, the parties are required to engage in good faith discussions for a period of forty-five (45) days or such longer period as may be agreed in writing. We have nominated our representative to facilitate and follow up to schedule the discussions. If we fail to gain satisfactory outcome pursuant to the said Notice, we will then exercise all legal remedies available to us under the law.
I believe the revival of the Thermal plant should be soon as this is merely an avenue or excuse for the Vietnam side to save face and allowed them to reverse their decision to terminate the contract during then. Therefore we should see some positive response in 45 days. Otherwise Toyo should have raised the subject since July last year and not wait till now then to issue Notice of Dispute.
If the converted loan stocks to shares at RM1.20 are accepted by the shareholders, the current stock price at RM 0.495 is considered very cheap. Seem like the Notice of Dispute that issued to MOIT is going to yield some good results. Otherwise, no one is so unwise to agree the price at 2.5x its current share price. Get ready to hear some positive feedback from Vietnam government.
It may be also possible that an acquisition is going to happen and buy over all these shares at an even higher price from these shareholders. Otherwise, it makes no sense to accept the shares at such high price value.
It may also be possible that not a single one of your predictions has come true, and you haven’t the faintest clue about the company’s situation at all.
I strongly believed that the thermal plant will be revived. Otherwise, it does not make sense to issue the Notice of Dispute after 6 months later. There must be some kind of consensus agreed from the Vietnam side to continue with the project. Toyo is confident that the project will be alive now so therefore the NOD is meant for the Vietnam government to reverse their earlier decision for the termination of the project. Sit tight to prepare for the rocket jump soon!
Latest news dated 16 Jan 2025: The Board of Directors of the Company wishes to inform that Song Hau 2 Power Company Limited (“SH2P”), a wholly-owned subsidiary of Toyo Ink Group Berhad ("TIGB"), which in turn is a wholly-owned subsidiary of TVHB, has today received a letter from MOIT, dated 14 January 2025, to inform that the Initial Security Deposit ("ISD") amount has been received in the USD account of the Department of Electricity and Renewable Energy - Ministry of Industry and Trade. The ISD is intended to secure the BOT Company's obligation to achieve the Financial Closing Date by the Required Financial Closing Date. TIGB and SH2P have notified MOIT of a dispute between the Parties and requested MOIT to place the amount of the ISD in a segregated account held by MOIT while the resolution of the dispute between parties is pending pursuant to the BOT Contract.
The Company remains committed to engaging in good faith and without prejudice discussions regarding the Notice of Dispute with MOIT and will provide updates on any material developments in due course.
With the latest news that shared, the project is 99% chance going to revive as the ISD has been accepted. The rest is just procedural work and documentation.
stock chaser, do u know what u r writing about? when MOIT calls on the ISD, it means game over. the ISD is a security deposit to guarantee the success of the project.
assaulted peanut, u r absolutely correct. this stock chaser trying to clear his stocks. sell for goodness sake. this company is going into PN17. they delayed the accounts to avoid writing off this investments. the dispute is filed to try to show there's still some hope. unlikely the auditors will buy it. bye2. PN 17 coming
Pizzapizza, please read carefully: "Initial Security Deposit ("ISD") amount has been received in the USD account of the Department of Electricity and Renewable Energy - Ministry of Industry and Trade." Don't you think this already assure the project is still on?
stock chaser. the department do not call on yr security deposit unless the agreement is terminated. toyo worded it ambiguously. same like a tenancy agreement, the landlord will not forfeit yr deposit unless the tenancy is terminated. Toyo management is screwed up. always issue announcements that no-one understands to hide the truth. just cut loss and sell.
Pizzapizza, the ISD was only received on 14 Jan 2025. There must be some form of arrangement agreed upon by both parties. Otherwise, who will transfer money to someone account if the project is not going to happen. Think ahead on the move. I am pretty sure the end results are heading to revival of project in coming days. Let's see who is right in a month time. Furthermore, how much could I lose if the outcome turns negative? I could likely lose another 10 cents may be. However, the potential to gain more than a dollar to two if the news is positive. Lose peanuts or gain a big fortune, You choose it yourself.
stock chaser, toyo put the ISD 2 years ago as a form of deposit with a BG. after termination MOIT is entitled to the ISD, which is why they called on the BG.USD33.5mil. now this BG is forfeited but toyo is clinging on by filing a dispute notice. the financing is also not in place.
I see this series of moves were strategized carefully. After six months --> 33 millions shares converted from loan stocks --> released news of Notice of Dispute --> MOIT confirmed received of ISD --> ?? MOIT reverse the stand on the termination. I could imagine that there must be some assurance to the Shareholders that the accepted shares with value of $1.20 may cost more in the future. Likely hood of a possible revival of the thermal project or an acquisition is likely to buy up the shares at higher than $1.20. Otherwise, it is an unwise position to take up the 33mil shares without making any fuss with such huge amount. It is very absurd and abnormal. Don't you agree?
The management has not provided any updates related to the thermal project until 6 months later and suddenly you see a series of moves triggered. My bet is on BUY call to profit on the massive gain in a month time.
This is the analysis from Chatgpt based on the announcement of the latest news dated 16 Jan 2025.
Potential Stock Market Reactions: Short-Term Volatility: The acknowledgment of a dispute with MOIT may introduce uncertainty, leading to increased volatility in TVHB's stock price. Investors often react cautiously to news of legal or contractual disagreements, especially in large-scale international projects.
Investor Caution: Market participants might adopt a wait-and-see approach, potentially leading to reduced trading volumes or a temporary decline in stock price until more clarity is provided regarding the dispute's resolution.
Long-Term Outlook: The successful receipt of the ISD demonstrates progress in the project's financial commitments. If TVHB effectively resolves the dispute with MOIT, it could reinforce investor confidence, potentially leading to stock price stabilization or appreciation over the long term.
We refer to Bursa Malaysia Securities Berhad’s queries dated 17 January 2025 in relation to the above matter. We are pleased to furnish the additional information as below: 1. The date that the Initial Security Deposit (“ISD”) was paid to the Ministry of Industry and Trade of the Socialist Republic of Vietnam (“MOIT”). 6 January 2025. 2. It is noted that pursuant to the BOT Contract, the parties are required to engage in good faith discussions for a period of forty-five (45) days or such longer period as may be agreed in writing. Please state the effective date of the 45-days period. The effective date is pending as we have not yet received acknowledgment of the dispute notice from MOIT. According to the BOT Contract, the countdown should commence from the date of receipt of the notice by either party (MOIT, the Sponsor (“TIGB”), BOT Company (“SH2P”) or any of them). 3. Pending the resolution of the dispute between the parties on the termination of the BOT Contract, to state whether the ISD has been forfeited pursuant to the terms and conditions of the BOT Contract. All parties have yet to engage in mutual discussions as required under the BOT contract. The matter is still under negotiation and is certainly not definitively forfeited.
Pizzapizza, ISD was paid only on 06 Jan 2025. Therefore your assumption of forfeiture is definitely invalid and inappropriate. The management will not be so unwise to give away money if the project is not secured.
As long as its financial is not good, don't expect price to go up but down. Revenue | NP to SH 94,979.000 | -19,375.000 RPS | P/RPS 57.25 Cent | 0.79 EPS | P/E | EY -11.68 Cent | -3.85 | -25.95% DPS | DY | Payout % 0.00 Cent | 0.00% | 0.00% NAPS | P/NAPS 2.91 | 0.15 QoQ | YoY -40.92% | -2226.78% NP Margin | ROE -20.40% | -4.02% F.Y. | Ann. Date 30-Sep-2024 | 28-Nov-2024
Stock chaser, read between the lines. NO new ISD money was paid! The ISD was the BG given when the BOT was signed. toyo filed the Dispute to avoid the forfeit of the ISD.
This is just a procedural run to reverse the previous decision by MOIT. Otherwise, how to account for the previous statement of BOT contract ended. The dispute is basically a chance for the MOIT to overturn the previous decision.
Working with Isabella was a game changer. She not only helped me recover my lost Ethereum but also educated me about the risks involved in crypto trading
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....
yongyong88
588 posts
Posted by yongyong88 > 1 month ago | Report Abuse
already at 3 year low and promoter probably had gone to vietnam to see when the MC going to sign agreement for the THERMAL POWER PLANT. Meanwhile price will keep dropping and qr will be worse than before. Only news can shore up its price..