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seem China is going to have another front of trade war with EU. should both sides escalate the trade war and tariffs, China glove players have no where else to sell their gloves soon if EU imposed steep tariffs on China products.
4. By 31st March 2026, Bintai and UIMB needs to finalize available charge rate. if this is not finalized and agreed upon, UIMB commits to pay all outstanding arrears to Bintai which should be around RM51 millions.
For those who have been harping on Bintai and its hibernation, few milestones to take note for the next 3 months:
1. Impairment reversal for TNB contracts should be booked in coming QR.
2. Next QR to be released in end Feb 2026 with expected profits due to reversal of impairment.
3. With the QR profit, Bintai can apply for upliftment of PN 17 in March 2026 and Bursa probably would provide its approval within 1.5 month.
waiting for the wife to take action as she has been quiet so far. She has 17.1% while the husband has 23.2% if she starts to collect and pump up her holding to 30%, easily she would be able to kick out her husband. unless Stanley somehow managed to raise some funds and out buy each other. that probably would push back Supermax easily to RM1
if the ex wife wanna seize control of the company, she can start to acquire now at low price since the husband is dirt poor now with all his accounts and assets frozen.
all depends on how the court decides on the marital assets split. we never know. for now, I wonder what transpired during the AGM until such sell down. anyway am waiting for 0.29-0.3 to enter more
