Truths Half Truths & Deceptions

Dystopian

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Banking Consolidation 2.0

ICYMI, here is a reminder that this investment theme should be high on your tracking list for 2019. With the prospects of a second round of banking consolidation brightening somewhat following Daim's comeback onto the CEP, it isn't surprising that StarBiz decided to front-page this thought in its weekend StarBiz last Saturday.  The most interes...

Bumi Armada Headwinds Tailwinds

Bumi Armada (5210) share price has moved up a little since end of last month. Sluggish though. I pitched it when it was at 52.5 sen, essentially going with the view of CGSCIMB analyst's view. The cause for the collapse in its share price from 70 sen was due solely to the 'shocking' disclosure of the size of the losses. Armada made a huge write...

What Makes My Day

Things like this for example other than see my stocks rise!  and this. Never mind if MoF says maybe we recover 30% of the stolen funds.   

Apple Watch Series 4 A Great Christmas Gift

Buy your parents this for Christmas and make them wear it - nearly all the time. Only pity is non of the telcos support the cellular version here in Malaysia.  This Apple baby is already selling pretty well worldwide since it launch. The 3rd series was already flying off shelves at a run rate close to 8 million per quarter (4Q2017). That is near...

G3 The Internet Of Things Head Fake

G3 (Yen Global) (7184) was a sexy IoT idea in 2016/17 when it partnered Gemtek Taiwan and later when Green Packet on boarded as a substantial shareholder. The IoT theme was a relatively new investment theme then. A lot of retail investors as usual love the idea of cars communicating with each other etc. The rise in the stock price, however, had ...

MyEG So What If It Is?

The press is revisiting this old news pertaining to the crossing of a 50m block of MyEG (0138) shares more than 3 weeks ago. Which I already covered then. Nothing new in the news this morning if you are wondering.  Ultimately, the question is not what happens to MyEG when a stabilizer stake is jammed into the ownership structure but rather how M...

Yong Tai Tests Investors Confidence

This is sloppy work man! Yong Tai's (7066) 12 months numbers to June 2018 are already out. So no excuse for such mistakes.  It was still correct in May.... but in the latest update 29th August the big jump in 2018 numbers. Clearly a mistake. It is bad enough when a TP was belatedly slashed from a lofty RM2.25 as recent as mid August to RM1.38 ...

Utusan's Other Income And Nylex

Ha! Looks like we will get to read and hear more about Utusan's (5754) mysterious 'Other Incomes', BRIM monies, land donors etc after all. The Edge just picked up on the trail of the RM18.5m 'Negaraku' payment that Nylex/Redberry paid Utusan to run a corporate branding exercise but which it never did. Now the former wants the money back. All RM1...

SAPNRG KWAP Quadruples Down

I always wonder, in situations like Sapura Energy (5218), whose share price erosion have exceeded 90 percent in under just 4 years, where is the difference between a man-in-the-street and the savvy and sophisticated (supposed to be or well paid to do his job) if both freezes in the face of crisis.  The headline news this morning in the Edge abou...

MPay Should It Give Up and Diversify Out?

Managepay Systerms (0156) - pity the founders - poor chaps, constantly finds themselves swimming against a torrent of e-wallets and e-payment solutions as it tries to find the killer app going into its 7th year of listing. So, even with the latest product launch, I am sorry but honestly feel that this card is not unlike the dozens of pre-paid or...