Saudis accuse ulama body linked to PAS chief of terrorism

Foreign Direct investments, to me, is the singular most important macro indicator for the mid-long term outlook for the economy. Following the stupendous May election result, many were optimistic over the reforms and plugging of leakages to the system. However as the months dragged on, nothing seems to be moving. All we saw was a prolonged process of getting the culprits to their destinies. 

Some GLC heads and other high ranking officers were removed, but nothing concrete was moving the real economy. The stock market went into a slow death mode. Projects were canceled
 and still,  more inertia seems to be bugging most ministries.

Even the most apologetic among the supporters were murmuring. Things seemed to be finally moving just before CNY this year. The following bit of news will surely spark a lot of things. A 48% jump to RM80.5bn in FDI for 2018, largely came about in the second half of 2018 – which speaks volumes about the confidence foreign long term investors have in the new government. 

The figure is all important and would be an indicator of bright things to come. Long term FDI takes some time to trickle down to the real economy. 

Expect fireworks… the nice kind.

For 62 years the Non Malay and Non Muslim have been trampled on like shit.

Under the PH Government every Cabinet Ministers have become a piece of shit.

Mahathir who turned Malaysia a piece of shit when he was the 4th Prime Minister is not prepare to remove that shit when he became the 7th Prime Minister.

How long more does the Malay want to be spoon fed?

The Non Malay and Non Muslim have been insulted in race and religion daily, yet no authorities dare to stop it.

My advice to all PH Cabinet Ministers, we the PEOPLE WILL MAKE SURE YOU LOSE THIS COMING GE 15 IF YOU CONTINUE TO ACT DUMB.

AND MAHATHIR IF YOU CONTINUE TO COLLECT AND PUT THE SAME CROOKS FROM UMNO ERA INTO YOUR ADMINISTRATION, GOD HELP YOU AND YOUR CHILDREN.

MALAYSIANS WILL SWEAR AND CURSE YOU AND YOUR FAMILY FOR THE NEXT 7TH GENERATION.

MAHATHIR KEEP YOUR PROMISES AND WORDS AND DON’T BEHAVE LIKE A SLIMEBALL.

THE THREE SLIMEBALLS TO SWEAR AND CURSE FOR THE NEXT 7TH GENERATION.

MUSLIM DO THEIR SOLAT HAJAT.

OTHERS ASK GOD TO GRANT YOUR WISH THESE THREE DISAPPEAR IN THE INDIAN OCEAN.

Within 60 days Kedah will be given to PAS and Perak to UMNO.

Mahathir has been doing backdoor trading to out beat Anwar in becoming the next Prime Minister.
Muhyiddin has been threatened or rather blackmail to relinquish his post as President of PPBM.

Expect a reshuffle soon.
 
During the recent meeting between Mahathir and Hadi (PAS) followed up by Daim in secret, it was agreed that the new airport will be build and name Tun Mahathir using the stolen funds (Mahathir and Daim during UMNO era) that was brought back to Malaysia last month in exchange Mukhriz will be name as the next Governor of Penang and PAS take over Kedah even though the Sultan of Kedah has repeatedly wanted someone else as the Menteri Besar instead of Mukhriz.  To put the Sultan of Kedah in a corner Mahathir is willing to give up Kedah to PAS.

Meanwhile PAS people will continue their business of logging in Kedah.

In plain simple english, Mahathir has turned traitor not only to the Sultan of Kedah but to all Malaysians.

The so-called next National car will be manufacture in Perak.  Again we have to thank the Sultan of Perak for being gracious to Mahathir and UMNO.  Fund is from the stolen fund.  What does UMNO get in return?  Sharing APs and Toll concession with Mahathir, Daim and Sultan of Perak.

With Sabah and Sarawak in his hands, Mahathir can afford to give Kedah and Perak away.

How many times, how much longer should we keep bailing MAS? How much have we spent… RM26bn!!! If you take from year 2000, that is more than RM1bn a year to keep this thing afloat.

We see a figure like RM26bn and it does not make much impact because we have no frame of reference. What is RM26bn? 

Let’s say the 1MDB, which was a financial crime and CBT, cost us Malaysians RM5bn. Then MAS would have meant going through about 5x 1MDB disaster. To be fair, MAS is a business and while the comparison is not entirely apples vs apples, there is still some painful truth in comparing it to 1MDB.

a) There is no shame in not having a national airline but there is a lot of shame and fiscal irresponsibility when we keep losing more than RM1bn a year for the past 20 years.

b) It doesn’t take a rocket scientist to see that MAS is almost unfixable owing to the: i) the union and their contracts (back in 2015 20,000 employees were terminated and 14,000 rehired, were the terms too generous our is it the culture which still infects the company?); ii) the legacy of bloated supply contracts and the greedy gatekeepers and their leakages; iii) the overcrowding for short haul flights; iv) having depleted so many international routes, MAS is having difficulty branding itself properly other than a codeshare specialist.

Since we are going to lose more than RM1bn a year, just sit down with the unions and supply chain contractors – declare bankruptcy and negoatiate to tear up all contracts at a steep discount or haircut resolution. While I am all for good unions and employee rights, somewhere along the way the MAS union has gone past what is good for the company – be honest.

Value all existing planes and landing rights, come up with a figure. Sell to AirAsiaX for shares, but golden share remains with current AirAsiaX management for 10 years.

Inject into AirAsiaX as that would be more palatable for Tony and his team. At least the better margins at AirAsia stays intact. All domestic routes to be integrated and managed by AirAsia. We cut out the duplicity and may even be able to fly more secondary support routes (such as twice a week Ipoh-Bangkok, Ipoh-KK,etc..).

As for ex-MAS employees, after getting their severance, those who are interested will need to re-apply to AirAsiaX to be integrated as AirAsia employees. This part will be critical because you don’t want an us-them situation camp fight if you were to absorb all staff automatically from MAS. Pick and choose those who will conform.

By selling to AirAsiaX, MOF will keep a healthy stake to hopefully plow back some profits to compensate for the losses to the people. Secondly, it would not be ‘nice” to sell MAS to a foreign party, only to see them turnaround the thing. 

20 years and multiple CEOs have shown and proven that MAS is not fixable because we “allowed” it to be unmanageable, hence the best professional will also not be able to do much – its like asking a chess Grandmaster to play for your country but he/she can only move your rook two spots and your bishops once every 10 moves, etc… it is ridiculous.

Bite the bullet and move on already. Forget about the votes of the employees and relatives, that’s not the way to manage a country properly.

Our government has given out soundbites that offered a more conciliatory stance towards restarting ECRL. For those who have missed the large re-rating upwards of oil & gas plays, these stocks under ECRL theme may be worth doing more research into.

The mini bull run seems to have gotten some legs, thanks to the upcoming Samurai bond and PM’s visit to China in April. 

The last two by-elections, which the rakyat handed a sound thumping to the ruling government, was actually a good thing. To me, they are not really racially based swings but more dissatisfaction from the general populace over the “excessive handbraking in the real economy” by the ruling government.

While we want to eradicate corruption, primarily by cronies of the previous government, the collateral damage has been excessive to bystanders. Coming at a time which coincided with the US-China trade war spat just made things worse over the last 12 months.

Just imagine the number of subcontractors and workers linked to the HSR and ECRL, what were they doing for the last 12 months. The stock market mostly edged lower for most of the last 12 months. The velocity of money almost ground to a halt. Coupled by a weakish palm oil price regime and gross overbuilding of properties – we have a recipe for a sluggish economic period to put it kindly.

The ECRL has merits. Not just in revitalizing domestic economic activity to Eastern block of the peninsula, but for paving access and logistics for goods and services which have a higher multiplier effect.


Why Restarting ECRL Is Probable:  Our side has apparently paid 39% of the supposed total cost already for just 13% work done. Whether some of the sums were “diverted” or “misused” is up for conjecture for now. 

Now let’s use RM55bn as the benchmark, 39% = RM21.45bn. That figure is probably not retrievable. It is likely that the Chinese side has agreed to finish the project for something a lot less than RM55bn. Judging from the statements issued thus far, a figure of RM33bn-36bn seems plausible. The pragmatic thing to do, since we have paid RM21.45bn is to get the project finished. Plus it is not wise to further irk China as a major trading partner.

ECRL – If restarted, will be at a much much lower price. Thus the main con and even sub cons should only be eyeing much tighter margins. 

Beneficiaries based on networking: Those companies who were in the front running for the ECRL scraps before, may no longer be in vogue IF they relied upon or seemed to rely extensively on their connections to the past government. I shouldn’t name names but you should know.

Beneficiaries based on need supplies: Steel – you can’t get away from that. You can’t be silly enough to import. Most steel players had a rough past 6 months thanks to the US-China trade war spat. 

I am benchmarking their stock price to their April/May 2018 prices. We may expect a reversal back close to those April/May 2018 prices should the ECRL be restarted. Using 75% of the April/May 2018 prices may be a sensible trading target.

                             Current Price        Apr/May 2018 price

LION INDUSTRIES      0.58                         1.05
MASTEEL                   0.48                         0.80
ANNJOO                    1.60                         2.90

Lafarge Malaysia has showed buying interest of late, possibly on the back of ECRL theme as well. Trading around RM2.30, its April/May 2018 price was around RM4.20.
Possible the biggest beneficiary, not that they asked or lobbied for it I think, should be AZRB. It may not be the best-run company or most aggressive company out there, but the stars are aligning just for them. The other big landowners in that area will be Pasdec but owing to nature of its shareholders, its prospects will not be as clear as AZRB.

AZRB Strong Points: 
– has a RM1.55bn contract to build an expressway from Gombak to Kajang tagged with a concession for the tollway for 50 years
– jointly awarded the RM1.7bn MRT line from Sg Buloh to Kajang with IJM
– Class 1 Bumi contractor
– 50 acres quarry land in Terengganu
– 67 acres of development land in Marang, Terengganu
– 11 acres in Bentong
– 30 acres of commercial land in Kuantan

The two oil & gas marine supply bases of AZRB at Tok Bali and Kemasik are gems.

Kemasik – RAPID refinery is there and needs more than 50m barrels of crude yearly for its refinery. AZRB has been extended another 5 years for sale of marine diesel oil. AZRB also has around 4 acres of land in Kemasik.

Tok Bali – It is the intention for Petronas to develop this into a petrochemical hub. AZRB is already in a joint venture with Petronas for marine oil supply and other supporting industries.

http://malaysiafinance.blogspot.com/2019/02/whats-up-with-azrb.html


Not a recommendation to buy or sell but information for discussion and further research if you believe there is a good likelihood of ECRL being restarted.

I am no fan of UMNO neither do I support PH.
Like many Malaysians, PH under the leadership of Mahathir has turned into an arrogant group of nuts.
Those chosen for Cabinet posts have come out with Black Shoes, Hotel Swimming Pool, 3rd National car, Flying car,  Taekwondo,  body guards, red carpets for UMNO MPs, greedy MBs, more Tahfiz schools, Crooks from a corrupted  Malay Party incorporated into the present Government.

Harapan Fund amounted to RM200 million plus interest not audited and make public.  Instead Mahathir has gone public that the fund collected is not for paying debts.  So kindly tell us what is the Harapan Fund for.  Today is March 2019.  Three months after the collection of Fund cease, yet everybody in the Cabinet is keeping mum. What about those donations from GLCs and Businessmen who donated millions to the Harapan Fund that was kept hidden?

What about the report from the Council of Elders after 100 days.  It has been months, yet everything is kept hidden.
Now a Second Economic Council consists of clueless men and women who should masturbate themselves are given task they cannot perform.  Malaysia is going down hill yet Mahathir insists on putting his cronies into power. Why?  Mahathir does not care.

GST was the best thing Najib has done for this country but the implementation and management was bad.
SST which Daim, Azmin and LGE promoted killed our economy.  I have been saying never trust Daim’s policies because it has never benefited the Rakyat.  Everything Mahathir and Daim do is for themselves not US.

Promises about the abolishment of NSC, Toll, Jakim, monopoly for essential items.
Malaysians are shaking their heads non stop since Mahathir keep on giving excuses.  Even 2 terms for Premiership is not kept. Simple thing like this does not require 2/3.  Mahathir is so focus on his favourite son Mukhriz to be the next PM that he neglects his duty to serve the Rakyat.

Federal Minister and DBKL playing with Rakyat’s rice bowl.

Since May 10th till today PH has never stop lying and making a mockery of themselves.

SO HOW LONG MORE DO WE KEEP QUIET WHILE MAHATHIR AND DAIM PLAY MASAK?

SEVEN MINISTERS IN PH GOVERNMENT SHOULD RESIGN BEFORE MALAYSIANS DEMAND FOR GE 15.

MALAYSIANS ARE FED UP OF INCOMPETENT MINISTERS.

AZRB is going through the perfect storm. The thing is, the so-called storm is more like the aligning of the planets for AZRB. The storm is so perfect AZRB is walking on water.

As with many counters, AZRB is expected to announce its quarterly over the next day or two. If you match it up with Naim (which delivered great results). It came all the way up from 80 sen a few days back to hit 97-98 sen today (up 8 sen for the day). Both are highly comparable.

The government has been putting out soundbites that were so much more conciliatory over High Speed Rail and ECRL. More so on ECRL I think. Even IWCity had a massive volume and jacked up day when the soundbite was pleasing for HSR but died down after a day or two.

Looking at the way both projects are going to be framed. The HSR and ECRL will not be a highly lucrative project for the winners and sub contractors.

AZRB buta-buta has the most to benefit from the ECRL owing to the land and current projects it has.

Go check their annual report. It has:
– nice tracts of land in Setapak, which is about 20km from the all important Gombak station for ECRL
– also nice tracts in Bentong
– the stations of Chukai and Kemasik are very close to Kemaman, and one of the main reason why ECRL is needed is to support and enhance RAPID refinery near Kemaman (the marine base contract by Petronas has been awarded to AZRB for another 5 years / Tok Bali supply base)
– AZRB has 4.5 acres of freehold land in Kemasik
– an even bigger plot of 66 acres in Marang which the ECRL will pass through

Looking at the price movements, AZRB is just discounting the good upcoming results and has not really priced in the ECRL potential. Be careful though, it is still potential, not written in stone.

Besides the upcoming results, Tun Mahathir will be going to China in April, possibly to lock up the ECRL on better terms.

Entrepreneur Development Minister.Datuk Seri Redzuan Md Yusof needs no introduction. 

If you need a good example on how stupid a Malay can be, just wait for Redzuan to open his mouth.

If you had a bad day at work, be sure to tune onto the latest report on Redzuan’s vision.

If you want to de stress after a long day looking after your kids, click onto the latest news about Redzuan.

Whatever pain you are having cannot compare to the kind of nerve racking words of Redzuan is causing Malaysia to look stupid and foolish.

There must be a good reason why God has allowed Redzuan to be born and alive to kick our ass in public.

I strongly believe his own parents never imagine the kind of fool he has turned into.

In Proton Mahathir wasted billions in making it work but fail.

Now Redzuan believe he is better than Mahathir by wasting OUR RM1 million on an unproven flying car invented by a Professor at our local University.

Knowing our low quality University, folks do not take Redzuan seriously when he talks cock about the scam.

I strongly suggest PDRM and MACC step in to check on the RM1 million.

https://www.malaysia-today.net/2015/06/03/should-the-government-bail-out-proton-again/

https://www.thestar.com.my/news/nation/2019/02/27/malaysias-first-flying-car-to-take-off-soon/

https://auto.howstuffworks.com/5-reasons-you-dont-want-flying-car2.htm