No Banker want to Talk about SAP 10 Billion Debt ( in US$ )----Almost CERTAIN Ringgit will appreciate against US$ next year----How about 2.5 instead of 4.30????? SAP's 10billion US$ Debt is just 5 billion Ringgit.. What makes you think I am wrong---as of now All EU countries are in recession ( next year USA will Hit recession path ) I am sure December 2023, will be a month of massive Capital Flight from USA to ASEAN bcos US need to re-finance 41 billion of Debt and 113 billion in 2025 ( so how Drop Interest Rate?----- But US$ will KAPUT )
Oil will continue to rise in $US term not bcos of supply / Demand But bcos Major BRICS oil exporters ( Saudi, Russian, Qatar, UEA even Malaysia are using local currencies to Trade----When Trade donT use US$, US$ will turn into Toilet Paper due to Washington 28 Trillion Debt ( cannot print money bcos nobody use )----To make things more difficult for US$, China 40% of Oil Importer is switching to Gold to anchor Yuan thereby China is Selling US treasuries almost 800billion Left ( Japan following close second, Third Britain----All unloading US$ )
I saw a Loser tomolo----Bob the long Nose. If Bob just know how to sell Nasi Lemak, donT pretend to be Top Kampong financial Analyst----everyday give advise to itek and Ayam ( animal just want Nasi only )
Where Got Biz management "Pay Off All their Debt Just bcos they can Do it " In Biz owing suppliers is a God Given "Rights"----It is standard since Human can Count -----Of Course Biz Must be a On-Going concern for next 200 years or so.----If Not Bankers will sharpen their Parang just like SerB ( where Got chance to escape and keeping talking like Cap-A, AAX and SAP )
Looks like BOb Cannot sleep last nite, start posting 8:00AM while most supporters still having Good Dream last nite. Most Dreams are Bankers with their most Beautiful GRO receiving Bank Deposit from "Supporters "
CIMB started RHP Cap & MBSB merger Talks is fuelling current rally ( not OSK earnings getting Better ) Question is-- will OLH sell RHB stakes to " New Co " if Deal is confirmed GO. After all many merger Talks had Failed, OLH must be eager to unload RHB----Setting up Yellow Stone Foundation to take up RHB stake is one way to circumvent 5% limitation of individual holding Banking Shares
Nikmon @singor, u sound like the deal with creditors still far from reach!!! _______________________________
Maybank started Talk of MHB-SAP Merger.....must has some kind of Vested Interest????? Maybank portion of SAP 10Bil Loan must be around 5Bil.......MayBank syndicate with JP Morgan to Sell 50% of Sapura OMV should Net Billion........MayBank is going to earn hundreds of Million from Services. PNB where got lose money ( lost one End, earn back another end )
The most important Group is the Court Cluster Group ( SAP owe about 1.5Billion ) I think Management is trying to nego.. for 50% payout and 50% in tranches after receiving Cash injection from White Knight ( these group are more critical than Bankers----one time HongLeong Group MD told me uneducated Barbarians speak very foul Language .
when Vape tax is just 10%, Local Vape price will wipe-out illegal Import ( overseas transportation for foreign already Cost 10% of its selling price---How to compete with local Brand---Sorry BAT should be International Brand ) As Vape replaces premium Cigs, BAT revenue will expand rapidly bcos BAT has over 1000 local Outlet
with interlock Balance Sheet of CAP-A and AAX, it is hard for aax to get upliftment PN17 until AA gets upliftment First.....Maybe if AA regularization plan is very Good ( not submited yet ) AAX might get release First. Anyway still need many, many Cup of Coffee, still got alot time for me to raise Cash to Goreng
I am sure Tony had submitted R. Plan bcos He hired my Dog "shredder" to do the Plan. DonT blame Bursa cannot make Head or tail in the Report. So Tony will request another 3 months to piece the Report back again. Very sure Tony next report will be commission by my Cat " clawer "
It is now almost impossible to own a EV if you live in a Condo....no charging station in place. Try book a charging unit outside, you have drive 2 hours Or wait 2 Hours.....Gov need to invest about 50 billion to upgrade Power Line and sub-Station ( excluding Charging station )....You think Electricity is Free
Depreciation is just a Account Number......Machine/Asset depends on Quality Made and Continue Upgrade and Or Good Upkeeping. Bcos Bobby only own a Bicycle, He doesnT know 30years Old Proton Saga still can run as Good as any Car with Good UpKeeping----Once Depreciate is Completed, every penny squeeze out OLD machine is Pure profit.----I cannot explain this bcos Bobby cannot even operate a Nasi Lemak store
Last Qr SAP drilling revenue is RM130mil ( Old Rigs meh---One Year--- 520mil Revenue ) Given 2 New Rigs are commission in 2024 ( need atleast 7--11 New Rigs every year ---severe shortage of Rigs), DayRate will continue to Climb
Although these Rigs are getting Older But nobody wants to invest $1 billion ( 4.25 billion Ringgit ) in New Rig. Day Rate should climb very rapidly in 2024---2026 as Oil is getting into Rare Commodity Category
Already know Bobby knows NOTHING about SAP's Rigs.....The OLD rigs are sold as scrap iron ( Rigs bought by Shahril Father........Shahril bought SeaDrill for 8.6Billion in 2012 ( i think 8 or 10 Rigs )-----Heavy Impairment Loss during Covid Era is mainly due to Cold Stack these Drill Rigs
China goes in great trouble and Military Built-up in Saipan Island just to capture Gas & Oil......But at the End it invites USA Seven Fleet back to Philippine........A War Zone kills All initiative. Just imagine a Nuclear Death Zone at China main exporting Ports.....Better spend some money and Buy up All O&G Co. for Sale
paulthesotong Higher jet fuel prices are just passed on to consumers n willing to pay.seats are full airports are packed everwhere u go. 4 future. _______________________________
Oil price is unpredictable......75% of aax Tickets are "pre-booked" when price are Cheap. AAX Losses will compound rapidly when Oil movement is erratic. 3Q losses is unpreventable But 4Q will recover due to Christmas and Year Travelling
SAP is NOT AirAsia. Tony has NO plan, just say "good Biz" so be Cool Both SAP and AA has about 10 Billion long Term Debt. The only difference is AA has Nothing to Sell ( all plane under Lease ) Atleast SAP got 11 jack up Rigs worth about 5 Bil market rate
Fuel vs Revenue is always around 40% Expenses ( true for last 10yrs ). DonT wait for next Qr results to Sell Oil price is heading $90++. Assuming Ticket price remains the same, 245mil operating losses will compound rapidly