I wrote more analysis and thoughts on moomoo, i3 and klse forums tend to b toxic and cesspool like, full of stock punters that dun have much good discussions, or just full of ppl trying to pump and dump stocks

surprise dividend is good (more than FY23, but i dun think can reach fy13 12sen), but qr is so so, revenue is down, which is a bad sign, cos i receive word that perodua has maxed our their capacity for cars, and wont b expanding due to slowing sales, in general TIV for 2025 will b lower than 2024, not to mention the elephant in the room, competition from chinese cars, also high likelyhood recession is coming, based on 10-2 yield curve, i wrote about it in detail on moomoo (moomoo ID: ultraboom), basically, i dunno enuf about or have enuf confidence this company can ride through it, esp given trump might start slapping tariff, which may or may not affect MCE, theres too many uncertainty ahead, i also have better ideas that have more upside while being cheaper, disclosure i dispose all my positions in MCE, even b4 the QR, which in hindsight, might have been better to delay a bit since i knw dividend is coming, but i also knw u cant time it perfectly, but i expect market to b neutral toward this tmr, might rally a bit cos of dividend, but prospects might b challenging

Sadly most forums for bursa either klse or i3 all more blowing water than good discussion

And they didn't read annoucement carefully, the price will adjust frm VMAP of 1.10-1.14 to post bonus issue of about 0.82-0.85, ur % ownership doesn't change, just that ur slice of the cake got cut smaller, that's all, overall it's neutral, I dunno why management went for bonus issue cos it only make sense if u share price is >10 or 20, cos it becomes very illiquid

The comments here on bonus issue shows why most retailers lose money cos they dun understand basics, bonus issue is not free shares, it's just making the unit price smaller, it's like the cake size doesnt change, but the pieces got cut smaller, the amount of share u own post bonus issue will increase, but the share price will adjust down accordingly

The Board of Directors of Bumi Armada wishes to announce that its discussions with MISC are on-going with no further material development pertaining to the MOU since the Announcement.

Merger not mentioned in QR, but they have till Aug 2025, mou is 9 month frm Nov 2024, also if u think armada has a lot of debt, pls look at yinson, even more debt, at least armada is slowly paying back, so future can borrow for new projects

Loss making is due to impairment of assets, basically accounting treatment, cash flow still strong up 300m vs last qr, debt paid down 300m this qr so fcf for q4 is almost 600m, despite big impairment NAV still up frm 96 to 1.02 in q4, now it down to what price will misc willing to pay for armada

yes but bottom line is flat, investment thesis depends on their expansion plan, shud b able to start seeing uptick in q2/q3 in 2025

Not much actually, management guided new plant 63% completed, start operations in 2h 2025