Good Morning Folks. Always be prepared.

IKHMAS (5268) – Ikhmas Jaya Group Bhd’s external auditor Messrs KPMG PLT has expressed an unqualified opinion with material uncertainty related to the going concern ability of the group in respect of FY19. The auditor drew attention to the group and company’s incurred net losses of RM159.5 million and RM161.8 million respectively for FY19. At the same time, it also noted that the group’s current liabilities had exceeded its current assets by RM21.6 million. These conditions, among others, indicated material uncertainties exist that may cast significant doubt on the ability of the group to continue as a going concern, according to the auditor. – EDGE

Be ever vigilant but never suspicious.

MBSB (1171) – Malaysia Building Society Bhd is targeting a loan growth of 3% to 4% for FY20, amid uncertainties brought about by the Covid-19 pandemic. To achieve this, the bank said it will be focusing on the civil servants’ segment, as well as government projects and contracts. On another note, the bank said its plan to list MBSB’s wholly-owned banking unit — MBSB Bank — on Bursa Malaysia remains on track. – EDGE

Better to be safe than sorry.

Creedence Clearwater Revival – Susie Q

I am not mad. I am hurt. There is a difference. Hmm.

Christina Aguilera – Hurt

I thought I lost you, but you were never really there. Maybe that should make it hurt less, but it doesn’t. Hmm.

Yael Naim -Toxic

Goodbye June Hello July.

Sheila Majid – Tua Sebelum Waktunya

I smell the change in the air already. I can see the colours replacing the black and white memories of the past. Be sure my friend, the new month is bringing the best for you.

RHB *Trading Stocks*Date/日期 : 01/07/2020   

1) *SCGM (7247)* Price/现价           : 1.99 Target price/目标价: 2.15/2.25 Cut loss/止损价    : 1.98**SyariahSector/领域: INDUSTRIAL PRODUCT
2) *JHM (0127)* Price/现价           : 1.34 Target price/目标价: 1.53/1.60 Cut loss/止损价   : 1.33** SyariahSector/领域: TECHNOLOGY
3) *OMESTI (9008)* Price/现价           : 0.52 Target price/目标价: 0.555/0.58 Cut loss/止损价   : 0.515** SyariahSector/领域: TECHNOLOGY

I’m in OMESTI, & MSM. See how it goes. Hmm.

Lana Del Rey – Summer Wine

Mirzan Mahathir voted out as chairman of SBI Offshore

EDGE SINGAPORE (June 29): Mirzan Bin Mahathir, chairman of SBI Offshore, was voted out by shareholders at the company’s annual general meeting earlier today.

According to the company in a filing to the stock exchange, 70.05% of the valid votes were against his reappointment, versus just 29.95% in favour.

Mirzan became a substantial shareholder of SBI Offshore back in Sept 2014 after buying 10.8% of the company via a private placement at 26.05 cents per share.

He is the son of former Malaysian prime minister Dr Mahathir Mohamad.
At the AGM, another director, James Kho Chung Wah, was re-elected.

For example, 66.43% refused to approve directors’ fees of $120,000 for the FY ending Dec 31 2020 to be paid on a quarterly basis in arrears.

In addition, they would not allow the company the authority to issue shares, neither is the company allowed to issue shares as award for performance.

On June 12, SGX RegCo said is looking into SBI Offshore for potential listing rule breaches as well as potential contravention of directors’ fiduciary duties, following the release of a special audit by RSM Corporate Advisory.

The special audit was ordered by SGX RegCo back in December 2018, to probe the sale of a factory in China sold by SBI Offshore at just RMB18 million – a significant discount off its book value of RMB38 and 40 million.

The special audit, released by RSM on June 12, concluded that SBI Offshore did undertake an “adequate and reasonable” process to try and sell that factory. The transacted price of RMB 18 million represented the best offer they received during the period.

Besides voting out Mirzan, shareholders shot down other a couple of other resolutions too.

However, based on the RSM special audit, several other issues related to the same factory has arisen.

For one, when SBI Offshore bought the factory, the acquisition agreement did not contain sufficient details of the assets to be acquired.

No valuation was conducted prior to the execution of the acquisition agreement to assess and support the purchase consideration of RMB32 million.

Prior to entering into the acquisition agreement for the purchase of the factory, the company had incurred RMB8.19 million for the construction and renovation of the factory even though SBI Offshore was intending to acquire a completed factory.

Besides the purchase price of RMB32 million, SBI Offshore incurred capital expenditure of about RMB15 million up till 2013 for this factory.

“The factory was eventually underutilized and accumulated losses of more than RMB 47 million for the period up to 31 December 2017,” said SGX RegCo.

Citing findings from the special audit, SGX RegCo will now commence detailed probes on the company.

It doesn’t work. I’m out. Let’s recap OMESTI (9008) Price/现价 : 0.52 Target price/目标价: 0.555/0.58 Cut loss/止损价 : 0.515** SyariahSector/领域: TECHNOLOGY. Goodbye for now.


Good morning Folks. On this Tuesday, remember that an attitude is contagious so remember to have a good one.

Stevie Wonder – I Just Called To Say I Love

What’s Up Buddy?

RHB: Technical Analyzer

30 June 2020

FKLI & FCPO: FKLI: Trend Remains Negative

Maintain short positions despite 1,484-pt support still holding up. The FKLI staged a positive intraday price reversal, adding 9.5 pts to close at 1,494.5 pts. The index reached a low of 1,476 pts earlier in the session. Despite the positive intraday price performance, which saw the immediate support of 1,484 pts still holding up despite coming under pressure in recent sessions, we are still of the view that the FKLI is in a correction phase. This bias should remain in place, as long as the index is still capped by the 1,500-1,515 pt resistance zone. We maintain our negative trading bias.

Trading Stocks: Top Glove Corporation, Supermax Corporation & Perak Transit

Media Prima (MPR MK)Media Prima has issued notice letters to 300 employees that will be let go on 31 Jul as part of its business transformation plan. In a statement, the media group said that, together with representatives of its five union groups, it had concluded discussions on the execution of the next phase of MPR’s business transformation plan. This was announced on 4 Jun. ( will be the second staff layoff exercise in less than six months. MPR booked MYR75m in employee redundancy costs after laying off close to a 1,000 people or about 25% of its staff force in 4Q19/1Q20. The one-off severance package will likely be booked in 2Q20, with the quantum being much smaller than the previous exercise. We make no changes to our forecast for now and continue to see a potential privatisation by its major shareholder as a key stock re-rating catalyst. We maintain our call and TP.TRADING BUY,TP: MYR0.21

Source: RHB | Malaysia Morning Cuppa : 30 Jun 2020

Creedence Clearwater Revival – Proud Mary

Media Prima – Next round of job cuts confirmed

Author: AmInvest |    Publish date: Tue, 30 Jun 2020, 10:04 AM

  • Media Prima (MPR) has released a press statement confirming its next phase of its business transformation plan announced on 4 June 2020. MPR said 300 of its employees would be affected by its latest round of manpower rationalization exercise amid its challenging operating environment which has been worsened by Covid-19 effects. This would be MPR’s second retrenchment exercise this year after laying off 543 New Straits Times Press employees in March 2020, according to The Edge Markets website.
  • Based on MPR’s FY19 annual report, it currently has 3,689 employees. Assuming 300 staff would be retrenched (8% of its current workforce) and accounting for the group’s manpower rationalization exercises in the past, the group would have to pay out RM22mil to RM48mil in termination benefits for the exercise.
  • We estimate that roughly RM27.5mil in cost savings would be realised moving forward, based on the group’s FY19 average staff cost ex termination benefits of RM92mil. As termination benefits are considered an exceptional item, we make no changes to our earnings forecast.
  • Maintain HOLD on Media Prima with unchanged fair value of RM0.22/share, pegged to a PB ratio of 0.4x. Its outlook remains lacklustre amid a challenging operating environment weighed down by the anticipation of softer adex amid Covid-19 uncertainties although its cost-optimization initiatives would help to cushion decline in earnings.

Source: AmInvest Research – 30 Jun 2020

Lionel Richie – Hello

I’m looking at you, OMESTI!

OMESTI BHD (Trading Buy)

  • OMESTI’s share price has been swinging up and down within a trading range in recent years.
  • After pulling back from a recent high of RM0.65 to close at RM0.505 yesterday, the stock may be on its way to stage a technical rebound.
  • On the chart, we have identified our resistance target at RM0.59 (R1), which offers a potential upside of 17%.
  • A breakout from R1 could subsequently lift the stock towards our next resistance line of RM0.65 (+29% potential upside).
  • On the downside, our stop loss level is set at RM0.44 (-13% from its last done price).
  • In terms of corporate development, OMESTI’s 30:70 joint investment vehicle with CRIF has just been granted a credit reporting agency licence by the Ministry of Finance, which would pave the way for OMESTI to be involved in the provision of credit scoring and analytics services in Malaysia.

Source: Kenanga Research – 30 Jun 2020

I am too positive to be doubtful, too optimistic to be fearful and too determined to be defeated. LOL Survivor – Eye of the Tiger

Stock prices change everyday by market forces. If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Hmm.


Dear Monday, thanks for having the word MON in you. That’s French for mine, in case you weren’t aware, but it makes me think of you more as my day, and frankly, that sounds like a much more promising start to the week.

Malaysia May 2020 trade surplus up 14.7% y-o-y at RM10.4b

KUB gapped up, says AllianceDBS Research

EDGE KUALA LUMPUR (June 29): AllianceDBS Research said KUB Malaysia Bhd (KUB) had on June 26 gapped up to reach a high of 45.5 sen before closing at 41.5 sen (up 2.5 sen or 6.44%).

In its evening edition June 26, the research house said KUB continued to trade above 20-day (blue) and 50-day (red) moving average lines.

It said the upside gap indicated the urgency to establish stock position.

It said following the up close on June 26, the stock is likely to move higher with immediate hurdle at 46 sen.

“A crossover of 46 sen should see further price rise to the next overhead resistance zone, 50 sen – 53 sen.

“The support is pegged at 38 sen. A fall below 38 sen would put pressure on the stock down to the subsequent support zone, 34.5 sen – 35.5 sen,” it said.

AllianceDBS Research said stock volume traded on June 26 was 52.3 million shares compared to the 3-month average volume of 7.95 million shares.

KUB (6874) My Target Price RM0.70/RM1.00

Luck is not as random as you think. Before that lottery ticket won the jackpot, someone had to buy it. Creedence Clear Water Revival – Fortunate Son.

What’s Up Buddy?

Technicals: Hexza Corporation (3298, Technical Buy)

The demand for HEXZA’s ethanol products has increased substantially as a result of COVID-19. Nevertheless, results in the 4QFY2020 are not expected to be as strong as that of in the 3QFY2020 due to the impact of the Movement Control Order. Moving into FY2021, the group believes demand for ethanol will remain above pre-COVID-19 levels, which should continue to benefit its ethanol segment.

Support levelShare priceResistance levelShare price
1st supportRM1.091st resistanceRM1.23

Technicals: Samchem Holdings (5147, Technical Buy)

SAMCHEM is optimistic on the business growth and will continue to focus on the expansion of business and operational efficiency to improve the group’s performance.

Support levelShare priceResistance levelShare price
1st supportRM0.6451st resistanceRM0.705

Technicals: AME Elite Consortium (5293, Technical Buy)

AME has a healthy level of unbilled sales from industrial properties at its i-Parks, as well as construction and engineering order book. The group intends to participate in more jobs through the construction and engineering services division, and is also targeting growth in rental income and value of its investment properties in line with expanding activity at its industrial parks.

Support levelShare priceResistance levelShare price
1st supportRM1.701st resistanceRM1.76

Source: PublicInvest Research – 29 June 2020

HLIB: KUB (6874)

For stock pick, KUB (Not-rated, RM0.415) short to mid term technical outlook has turned positive following a successful breakout above the formidable 200W SMA resistance at RM0.395 last week. Further upside targets are RM0.44 (LT downtrend line from RM0.64 in March 2017) and RM0.50 psychological barrier. Key supports are situated at RM0.38-0.395 with cut loss at RM0.38.

To recap, Datuk Seri Johari Abdul Ghani (an ex-Deputy FM) emerged as KUB’s largerst shareholder last April after he bought 32% stake at 68sen/share from Anchorscape Sdn Bhd, a special-purpose vehicle related to political party Umno. Currently, the stock is trading at 31% below its 1Q20 BVPS of RM0.60, supported by netcash about RM266m or RM0.47/share (March netcash RM28 and RM238m disposal proceeds) after selling 2,656ha plantation assets in Kluang, Johor for RM158m and a 40% stake in KUB-Berjaya Enviro for RM80m to unlock value for future growth.

Source: Hong Leong Investment Bank Research – 29 Jun 2020

If you think you are too small to be effective, you have never been in bed with a mosquito LOL Jamal Abdillah ft M.Nasir – Ghazal Untuk Rabiah


Good Morning Folks. Happy Sunday. My mother has a theory about hair. It is that the longer the hair grows, the dumber a person becomes. Hmm. Another theory about hair, not from my mother, but from the best friend. A woman who cuts her hair drastically is set to make some decisions.

Led Zeppelin – The Rover

So, folks, here is my response.. LONG HAIR SUCKS! Having to shampoo and condition, blow dry, brush it, tie it up, and generally deal with it, rather than simply waking up and walking out the door. Huh.

KT Tunstall – Black Horse And The Cherry Tree

Is there a risk from going to a hair salon or a barbershop? I think the answer is definitely yes, but depending upon your own personal situation you may still choose to go. After all, automobiles are risky, but we still choose to drive, hopefully wearing a seat belt and obeying traffic laws. Hmm.

Led Zeppelin – Immigrant Song


It’s Saturday. No, I don’t miss you, KLSE. Not in a way that one is missed. But I think of you. Sometimes. In the way that one might think of a stock market. On a cold windy night.

Genesis – That’s all

Suspension of short selling on Bursa Malaysia extended until year-end

EDGE KUALA LUMPUR (June 26): The temporary suspension of short selling on Bursa Malaysia, which was to end on June 30, has been further extended to Dec 31.

The temporary suspension of short selling was introduced by the Securities Commission (SC) and Bursa as part of a slew of proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties, as a result of the Covid-19 pandemic.

The suspension began on March 24 and was extended on April 28, and subsequently targeted to end on June 30.

In a joint statement today, SC and Bursa said: “There will not be any change to the scope of the suspension, in that it applies to Intraday Short Selling (IDSS) and Regulated Short Selling (RSS), as well as intraday short selling by Proprietary Day Traders.

“Permitted Short Selling (PSS) is not affected by the temporary suspension of short selling, as PSS is necessary for market makers to market make the relevant securities such as exchange traded funds efficiently.”

SC and Bursa had previously stated that the temporary suspension of short selling is a short-term measure to provide stability and confidence in the Malaysian capital market.

Saturday is the only day of the week that can truly be considered “me time”. It is a wonderful day because it is free from annoying stock market related activity.

KUB unlocks value for future growth

STAR (June 27): OVER the last two weeks, KUB Malaysia Bhd announced two sets of asset disposals that will see the company raise RM238mil.

That is no small sum for the company, considering that it amounts to more than KUB’s current market value, which stands at RM230mil. The RM238mil also works out to 42 sen per KUB share, which closed on Friday at 41 sen a piece.

It is noteworthy that KUB was already in a net cash position of RM28.34mil as of March 31,2020.

KUB’s chairman and single largest shareholder, Datuk Seri Johari Abdul Ghani, says that the company plans to utilise the proceeds from the disposal to expand its core businesses. He does not rule out potential merger and acquisition (M&A) exercises towards this end.

He also rules out any significant special dividends following this sale. “We are a growing company. That’s our focus now, ” he tells StarBizWeek.

He adds that KUB is still in the midst of its restructuring that entails disposing of non-core assets and expanding its core businesses via acquisitions or investments. Presently, KUB has six businesses, ranging from liquefied petroleum gas (LPG) operations to power, telecommunications, plantation and property businesses.

Its LPG bottling business is the biggest contributor, making up 80% of KUB’s revenue followed by its plantation business (11%), with the balance coming from the telecommunications, power and property businesses.

Moving forward, Johari points out that KUB will focus on the LPG and telecommunications sectors.

“Instead of raising more money through a rights issue for example, we would prefer to monetise non-core assets to expand existing businesses, ” he says.

This week, KUB announced that it is selling one of its prized assets – a sanitary landfill located in Bukit Tagar, Selangor.

The landfill is run by concessionaire KUB-Berjaya Enviro Sdn Bhd, which is a 60:40 joint venture between Berjaya Corp Bhd and KUB.

KUB is selling its 40% stake in Enviro to Berjaya Corp for RM80mil cash.

In a filing with the exchange, KUB said KPMG Corporate Advisory had valued its stake at between RM77.55mil and RM84.5mil.

“We think that this sale is a good way to maximise the value of our assets. We didn’t own a controlling stake in the venture and it also did not provide us with very lucrative dividends, ” he says.

Prior to that, on June 10, KUB said it is selling part of its oil palm plantation assets.

The sale is of its 2,656.16ha in Kluang, Johor at a price tag of RM158mil.

The filings pointed out that the price represents a premium of RM2mil or 1.3% above the market value, as appraised by C H Williams.

“The group would also be able to avoid incurring significant capital expenditure for the estates going forward, as the majority of its oil palm areas are categorised as old and would need to be cleared and replanted in phases in the coming years, ” KUB said.

According to Johari, more asset disposals are in the pipeline, that includes its other oil palm plantation estates located in Sabah and Sarawak.

“Our plantation assets are scattered in three different states.

“They do not enjoy economies of scale, ” Johari explains.

An ideal size for oil palm plantations to have a meaningful cost advantage is about 40,000ha, and since land is getting scarce, it would be a challenge to grow KUB’s plantation business, Johari reckons.

In total, KUB owns 8,866ha of oil palm plantation area located in Johor, Sabah and Sarawak.

Johari, who was a former Finance Minister 2, emerged in KUB last April after he bought 32% of the company for RM121.09mil or 68 sen a share.

He bought the block from Anchorscape Sdn Bhd, a special-purpose vehicle related to political party Umno.

Following the sale, Umno now owns 20% of KUB.

Johari has since then increased his holdings in KUB to just below 33%, which is the threshold for a mandatory general offer. Filings show that Johari acquired shares from the open market when the market dipped following the onset of the coronavirus. KUB had hit a low of 16 sen on March 18.

When asked about a potential privatisation of KUB, Johari says he prefers to keep KUB as a listed company.

Despite the recent recovery in KUB’s share price, Johari is still sitting on paper losses of about RM45mil, based on his earlier entry cost of 68 sen a share.

Soon after buying into KUB last March, Johari had told StarBizWeek that the value in KUB “had not been properly explored” and that its assets could be unlocked with the right management team.

Currently, KUB’s share price is trading below its net tangible asset (NTA) of 60 sen a share.

One of the reasons why KUB has not been on investors’ radar is the fact that its main business – its LPG division – has not been producing significant profit margins.

But Johari, who is known for turning around consumer-related companies, reckons that the LPG business holds much potential.

He adds that KUB has been working to improve the margins of the business, with one example being the setting up of a new bottling plant.

In the late 1990s, Johari was linked to KFC Holdings Malaysia Bhd, a company that faced numerous corporate tussles.

That episode made him a household name in the corporate world.

After his exit from KFC, Johari bought into CI HOLDINGS in 2005. While at CI, he proved his ability to turn around the business.

In 2011, CI Holdings disposed of its main asset Permanis Sdn Bhd, a soft drink bottling plant, to Japanese beverage giant Asahi Group Holdings Ltd for a whopping RM820mil. Permanis is the official bottler for PepsiCo in Malaysia and produces other drinks like Mirinda, 7-Up, Gatorade, Lipton, Tropicana and Evervess.

It was said to be a record transaction value for the fast-moving consumer goods (FMCG) business back then.

More impressive was the fact that CI Holdings had only paid RM72mil for Permanis in 2005.

Back to KUB, with RM200mil of new capital in place, and possibly more M&A activity to be embarked on, it remains an interesting company to watch.

KUB (6874) My Target Price RM0.70/RM1.00


EDGE KUALA LUMPUR (June 26): Based on corporate announcements and news flow today, stocks in focus on Monday (June 29) may include: Malaysian Resources Corp Bhd’s (MRCB), Dutch Lady Milk Industries Bhd, Malayan Banking Bhd (Maybank), Kim Hin Joo (M) Bhd, Leong Hup International Bhd, APM Automotive Holdings Bhd, Mynews Holdings Bhd, AT Systematization Bhd, IJM Corp Bhd, Cypark Resources Bhd, IJM Plantations Bhd and Alliance Bank Malaysia Bhd.

Malaysian Resources Corp Bhd’s (MRCB) net profit more than tripled to RM15.65 million in 1QFY20, from RM4.14 million a year ago, mainly due to higher contribution from its property and investment segment. Revenue rose 82% to RM425.75 million from RM243.05 million. Noting that the  quarter covers the initial part of the Movement Control Order (MCO), MRCB said a “significantly weaker performance in the second quarter” is anticipated.

Dutch Lady Milk Industries Bhd’s net profit tumbled 33.02% to RM22.73 million in 1QFY20 from RM33.9 million a year earlier, on lower revenue and amid higher dairy raw material prices.

Revenue fell 5.21% to RM251.17 million, from RM264.99 million, due to product mix changes and early impact of COVID-19. Nonetheless, the group said most of its brands have been outperforming the category and have been gaining market share during the quarter.

Malayan Banking Bhd (Maybank) estimates that Day-One modification loss for fixed rate financing assumptions from the six-month moratorium of hire purchase loans will be about RM1 billion. It said the amount would be reflected in 2QFY20. According to the bank, more than 70% of its loan book is currently under moratorium, relief or rescheduling and restructuring programmes.

Kim Hin Joo (M) Bhd, a leading retailer of baby, children’s and maternity products in Malaysia through its Mothercare outlets, has ventured into the toys sector by opening The Entertainer, a UK retailer, in Sunway Pyramid. It is also allocating RM1.6 million to RM1.8 million capital expenditure to open another two outlets by year-end.

Regional poultry producer Leong Hup International Bhd (LHI) expects to record revenue growth of RM500 million per year for The Baker’s Cottage (TBC) by 2024. The group plans to expand TBC’s store network abroad going forward. On June 1, Leong Hup acquired the entire equity interest in food manufacturer and distributor The Baker’s Cottage Sdn Bhd for RM17.94 million.

APM Automotive Holdings Bhd’s unit in Indonesia is teaming up with Hyundai Motor Company to manufacture and supply automobile seats and related components. The joint venture between PT APM Automotive Indonesia and Hyundai Transys Inc is to support Hyundai’s automobile manufacturing plant in Cikarang, Indonesia, which is expected to be fully operational in the second half of 2021. The plant will produce 150,000 units of vehicles a year, half of which would be exported to neighbouring countries in Southeast Asia.

Mynews Holdings Bhd posted a net loss of RM2.33 million for 2QFY20 – its first quarterly loss since it was listed in 2016. In contrast, the company posted a net profit of RM7.95 million in the previous corresponding quarter. The quarterly losses were mainly due to the COVID-19 impact. Revenue fell 7.14% to RM123.49 million from RM132.98 million. For the cumulative six-month period, the group reported a whopping 87.53% drop in net profit to RM2.02 million against RM16.19 million a year ago, although revenue grew nearly 3% to RM264.07 million from RM256.48 million.

AT Systematization Bhd (ATS) is acquiring industrial glove maker Pearl Glove Sdn Bhd (PGSB) for RM22 million cash. The vendors are Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon. ATS said the immediate outlook for PGSB’s existing business, as a trusted and tested OEM/ODM manufacturer of safety gloves, is extremely positive as the demand for the industrial safety gloves increases proportionately with improving workplace health and safety practices globally.

IJM Corp Bhd’s earnings fell 70.4% to RM71.3 million for 4QFY20 from RM240.81 million a year earlier, dragged by lower profits across four divisions namely property development, manufacturing and quarrying, plantation and infrastructure. However, revenue grew 46.7% to RM2.05 billion from RM1.39 billion in the year-ago period, following higher revenue contributed by the construction, property development and plantation divisions.

Similarly, the group’s annual net profit contracted 40.2% to RM250.59 million from RM418.92 million previously, while revenue surged 16.8% to RM6.61 billion from RM5.66 billion in FY19.

Going forward, IJM said it anticipates disruptive implications of the pandemic on the overall market environment, together with the uncertainty of commodity prices and volatility of foreign exchange rates.

Cypark Resources Bhd’s net profit for 2QFY20 fell 4.34% to RM18.5 million from RM19.34 million a year ago, despite revenue falling 25.32% to RM75.75 million from RM101.43 million.

The lower revenue was due to the suspension of on-site work activities of its environmental engineering as well as landscaping and infrastructure divisions as a result of the MCO.

For the six-month period, net profit rose 2% to RM33.05 million from RM32.35 million, though revenue fell by 12% to RM166.63 million from RM189.87 million previously. Cypark expects the outlook for renewable energy remains good despite the immediate challenges from COVID-19.

IJM Plantations Bhd has recorded its second consecutive loss-making financial year, with a net loss of RM63.42 million arising from total net forex losses of RM87.11 million.

Annual revenue, however, grew 17.16% to RM739.13 million from RM630.9 million in FY19. For 4QFY20, the group reported a net loss of RM76.39 million versus a net profit of RM13.52 million a year earlier, weighed down by a RM100.68 million net forex loss.

In the year-ago fourth quarter, IJM Plantations had recognised a RM9.73 million forex gain.

Quarterly revenue, however, was 18.56% higher at RM195.39 million, from RM164.8 million last year, due to higher commodity prices.

Coupled with the disruptive implications of the COVID-19 pandemic, the group expects a challenging financial year ahead.

Alliance Bank Malaysia Bhd expects its net interest margin to shrink by 18 basis points as a result of Bank Negara Malaysia’s aggressive 100 basis points cut on the overnight policy rate so far this year.

The group will address this by repricing its current account savings accounts and growing a higher yield of products.

Alliance also expects to incur up to a RM60 million modification loss from the beginning of FY21 as a result of the six-month moratorium on loans for both its individual and small and medium sized enterprises.

However the impact of the moratorium is expected to unfold throughout the remaining tenure of the loans, and therefore the net impact to net interest income is expected to be RM25 million in FY21.

If you work 8 hour days, Mondays to Fridays, then you have to keep Saturdays and Sundays sacred.

I keep looking for something I can’t get. Broken hearts lie all around me. And I don’t see an easy way to get out of this. Northern Kings – I Just Died In Your Arms Tonight.

Enjoy your Saturday. I hope that it was worth the wait!


Hi Folks. I feel like I’ve swallowed a cloudy sky. LOL

The Zombies – Time Of The Season

What’s Up Buddy?

Stocks on Radar – KUB Malaysia (6874)

Author: AmInvest |    Publish date: Fri, 26 Jun 2020, 8:49 AM

KUB Malaysia retraced its path to below the RM0.40 resistance level for consolidation. If it trades above the resistance level again, we think the bullish momentum will return and propel it towards the short-term target price of RM0.42 followed by RM0.44. In this case, the downside support is marked at RM0.37, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM0.40
Target: RM0.42, RM0.44 (time frame: 2-4 weeks)
Exit: RM0.37

Source: AmInvest Research – 26 Jun 2020

KUB (6874) My Target Price RM0.70.

At times, it’s a political act. At times, a gesture of generosity. And increasingly, a fashion statement. Hmm. Fashion designers are coming up with washable versions that don’t compromise on style. Hmm

Fashion masks a hit as Indonesians, Malaysians seek style in safety

REUTERS via EDGE – JAKARTA/SHAH ALAM, Malaysia (June 26): With no sign of the global coronavirus threat easing anytime soon, protective masks are fast becoming fashion accessories for Indonesians and Malaysians keen to add some style and humour to healthwear essentials.

Bespoke masks are catching on in Indonesia, with customers ordering designs with their own faces printed on reusable neoprene material, some with smiling faces, or big red lips, like the one made for 46-year-old Heni Kusmijati.

“When people see us, they seem to be wondering why we are smiling and laughing,” he said.

A Jakarta print shop added masks to its services after its sales slumped due to the coronavirus, which has infected more than 50,000 Indonesians and killed 2,620.

Customers place orders online and upload their pictures. Masks take 30 minutes to produce and each cost 50,000 rupiah ($3.50), income that has kept Nicholas Septian Sugandi’s business afloat.

“At the beginning, we were sceptical,” he said of making masks. “But later, the demand surged, and it helps us to recover the business loss.”

There are similar ideas around Southeast Asia, like an out-of-work Filipino special effects artist now making horror masks, and a Thai single mother who designs face shields with prints of cartoon and movie characters.

Batik designs are popular in Malaysia, where mask-wearing is not mandatory but is often requested by business establishments. Malaysia has reported nearly 8,600 COVID-19 cases and 121 deaths.

Malaysian textile designer Hafiz Drahman has masks made from soft cotton that include optional pockets for adding filters, crafted from his stocks of cloth decorated using wax and dye, an ancient tradition.

“I began to see a new opportunity in making batik face masks because at that time, we were instructed to wear face masks for personal safety,” Hafiz said in his workshop in Shah Alam city.

The Seven Social Sins are: Wealth without work. Pleasure without conscience. Knowledge without character. Commerce without morality. Science without humanity. Worship without sacrifice. Politics without principle.

Malique featuring Jamal Abdillah – Aku Maafkan Kamu

Cloudy day. Partly sunny. More clouds than sun. And here I go again. Good laptop and a cup of hot coffee. Cheers Folks!


Good Morning Folks! Today is Thursday 25 June. May your cup filled up with blessings today.

Saleem & Amy Search – Sesat Di Kuala Lumpur

What’s Up Buddy?

Technical Buy- SENDAI (5205)

Author: PublicInvest |    Publish date: Thu, 25 Jun 2020, 9:28 AM

  • Target Price: RM0.330, RM0.345
  • Last closing price: RM0.310
  • Potential return: 6.4%, 11.2%
  • Support: RM0.295
  • Stop Loss: RM0.285

Possible for chart pattern breakout. SENDAI is staging a potential breakout from its current sideways channel. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.320 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.330 and RM0.345.

However, failure to hold on to support level of RM0.295 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research – 25 Jun 2020

Stocks on Radar- VSTECS (5162)

Author: AmInvest |    Publish date: Thu, 25 Jun 2020, 8:56 AM

VSTECS broke past the resistance level RM1.46 with a bullish white candle. With the higher lows pattern sighted, coupled with higher trading volume, we see that the bullish interest remains. There is a possibility the bullish momentum will continue to travel towards the short-term target prices of RM1.51 and RM1.60. The downside support is anticipated at RM1.38, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.46

Target: RM1.51, RM1.60 (time frame: 2-4 weeks)

Exit: RM1.38

Source: AmInvest Research – 25 Jun 2020

Stocks on Radar- Pecca Group (5271)

Author: AmInvest |    Publish date: Thu, 25 Jun 2020, 8:55 AM

Pecca Group is poised to test the immediate resistance level of RM0.89. With an RSI pointing upwards, coupled with higher trading volume, we think that it may break out from the resistance soon. If this happens, expect it to reach the short-term target price of RM0.92 followed by RM0.965. In this case, the downside support is marked at RM0.815, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.89

Target: RM0.92, RM0.965 (time frame: 2-4 weeks)

Exit: RM0.815

Source: AmInvest Research – 25 Jun 2020

I never owned these stocks before, while, or after publishing the above TAs by IBs. The game of life is the game of everlasting learning. At least it is if you want to win. Remember, it’s hard to fight momentum on KLSE. Whether the market is surging higher or dropping like a stone, taking the other side of the trade can often end up costing you. Hmm.

PN may not proceed with takeover of Gamuda’s four highways, says Affin Hwang

EDGE KUALA LUMPUR (June 25): The Perikatan Nasional (PN) government may not proceed with the takeover of four toll highways which Gamuda Bhd has a majority stake in — Damansara-Puchong Expressway, SPRINT Expressway, Shah Alam Expressway, and SMART Tunnel — according to Affin Hwang Capital Research.

Instead, the new government may be more supportive of public-private partnership projects for infrastructure development, it added.

“We believe the new government is unlikely to proceed with the acquisition of Gamuda’s toll highway stakes for RM2.36 billion, given the financial constraints as the federal government deficit is set to rise due to the economic stimulus measures.

“We gather that Gamuda has engaged the government to provide industry feedback on reviving mega infrastructure projects such as the MRT3 project to pump-prime the economy,” Affin Hwang Capital Research senior associate director of equity research Loong Chee Wei wrote in his note today.

The government’s proposal to take over the four highways was first mooted by the previous Pakatan Harapan government in June last year. At the time, former finance minister Lim Guan Eng said the proposed acquisition would be funded by a bond issuance fully financed and paid for from the collection of congestion charges.

Then in October, in his Budget 2020 speech, Lim said the Cabinet had approved the takeover of the four highways.

Meanwhile, Loong also said that due to the change in federal government, there are uncertainties on whether the new government will continue to guarantee the bonds to be issued by the Penang state government to finance the Bayan Lepas LRT component.

The LRT project is part of Penang’s multibillion-ringgit Transport Master Plan, which Gamuda has been appointed the project delivery partner (PDP).

“The Gamuda-led SRS Consortium expects to sign the PDP agreement for the Penang Transport Master Plan with the state government in 3Q20 (third quarter of 2020) (delayed from 2Q20).

“But the SRS Consortium will likely proceed with the RM8 billion Penang South Reclamation for Island A in the first half of 2021 once the PDP agreement is signed,” Loong said.

Loong pointed out that Gamuda’s net profit for the cumulative first nine months ended April 30, 2020 (9MFY20) came in below market’s and the research firm’s expectations, after the company was negatively impacted by the movement control order (MCO).

However, Loong believes that the worst is over for Gamuda as it resumed operations in early May and hence, its earnings are expected to recover in the fourth financial quarter.

Affin Hwang is maintaining a “hold” call on Gamuda at RM3.53, with an unchanged target price of RM3.75.

Yesterday, Gamuda announced that its net profit for its third financial quarter ended April 30, 2020 (3QFY20) slumped 77.14% to RM40.23 million from RM175.99 million a year earlier, as its Malaysian operations were affected by the MCO imposed during the final six weeks of the quarter.

Gamuda said the MCO caused work stoppages and reduced traffic volume across its four expressways, as a result the group recorded its lowest quarterly revenue since 1QFY17.

Following this, the group decided that no dividend will be paid for the quarter. It paid out a dividend of six sen per share for 1QFY20 and has consistently paid 12 sen dividend for every financial year since FY09.

Gamuda’s revenue for 3QFY20 fell 46.96% to RM549.9 million from RM1.04 billion in the year-ago quarter.

The dismal quarterly performance dragged Gamuda’s net profit for 9MFY20 down 25.36% to RM389.02 million from RM521.17 million in the previous corresponding period.

Similarly, cumulative revenue fell 10.74% to RM2.74 billion from RM3.07 billion.

As at 11am, shares in Gamuda were down five sen or 1.42% at RM3.48, with 165,600 shares traded.

No representation or warranty (express or implied) is given as to the accuracy or completeness of the information nor shall it be construed as an offer/solicitation or recommendation to buy/sell any stocks.

The Beatles – Hey Jude

All the problems are stuck between Mind and Matter. If you don’t Mind, it doesn’t Matter. LOL I’m looking at MSM and KUB.

Tencent buys Malaysian streaming platform Iflix in SE Asia push

REUTERS via SUNBIZ (June 25): TENCENT said on Thursday it had purchased Malaysian video streaming platform Iflix’s “content, technology, and resources” in a bid to grow its presence in Southeast Asia.

The Chinese tech giant said in a statement that Iflix’s catalogue of “international, local, and original content” would enable it to expand the reach of its overseas video streaming service, WeTV, which it launched in Thailand in 2019.

A Tencent spokeswoman declined to disclose the size of the deal. U.S entertainment media outlet Variety, which first published the news on Wednesday, cited people with knowledge of the agreement as saying the deal was worth “several tens of millions of dollars.”

That would make the deal significantly smaller than the $1 billion valuation that Iflix had sought in 2019 when it planned a public listing in Australia.

The Malaysian startup, which had raised over $300 million, says it has more than 25 million active users in Southeast Asia. But it is facing significant accumulated losses and financial difficulties, according to two sources familiar with the company.

Iflix was not immediately available for comment.

The purchase comes as part of Tencent’s efforts to capitalise on its fast-growing userbase in the region of 650 million, where it operates music streaming service JOOX and popular game PlayerUnknown’s Battlegrounds.

Tencent Video, its streaming platform in China, boasted over 110 million paid subscribers at the end of March.

WeTV will face a crowded field in Southeast Asia, which includes U.S giant Netflix and Chinese rival iQIYI.

Reuters reported in June that Tencent was in early talks to become the biggest shareholder iQIYI. Both companies have declined to comment.


Good Morning Folks. There are no more coffee dates or house parties or movie time at the nearby theater. Being alone at home is supposed to be an issue for people such as me, but I have to say I find it deeply satisfying. Hmm.

The Chainsmokers & Coldplay – Something Just Like This

What’s Up Buddy?

Kenanga Today – 24 June 2020

Asian stocks mostly rose yesterday, as investors took a cue from Wall Street’s overnight rally. Back home, the FBMKLCI dropped by 4.20 points (-0.28%) to finish at 1,507.04. Following the formation of a “Golden Cross”, the index managed to close the gap that was opened during the mid-March market meltdown, which sees it now trading above all of its key-SMAs. On the chart, our support levels are identified at 1,450 (S1) and 1,410 (S2). On the upside, our resistance levels are at 1,530 (R1) and 1,590 (R2). Today’s technical highlights are KRETAM and ATAIMS (both are Not Rated).

SCIENTX (OP; TP: RM9.70). 9MFY20 core earnings of RM252.3m (27% YoY) came in above ours at 91% due to stronger than expected topline, but below consensus at 68%. Dividends of 10 sen were deemed above at 64% as FY20 payouts will be skewed to 2H20 with this being the first payout of the year. All in, we increase our FY20-21E by 26-3% on higher property launches and increased utilisation rate in FY20. Upgrade to OP (from MP) on a higher TP of RM9.70 (from RM6.50) post rolling forward our valuations.

UMMCA (MP; TP: RM4.80). FY20 CNL of RM24.7m beat our/consensus’ estimated CNL of RM29.8m/RM27.4m at 83%/90% mainly due to positive taxation. FFB output of 362k MT (+2% YoY) is within expectation at 102%, while FY20 DPS of 8.0 sen is spot on. 1QFY21 is likely to break even as lower CPO prices (QTD 1QFY21: -7% QoQ) negates higher FFB output. However, beyond 1QFY21, anticipated peak production season will apply pressure to CPO prices and give rise to earnings risk. Cut FY21E earnings to CNL of RM8.4m (from CNP of RM5.5m) and introduce FY22E CNP of RM2.9m. Downgrade to MP with a lower TP of RM4.80 (from RM4.95) based on FY21E PBV of 0.75x (-1.5SD due to loss-making status).

AMWAY (MP; TP: RM5.10). 1QFY20 NP of RM10.2m (-4% YoY, -11% QoQ) came in within our/consensus expectation at 23%/21% of full-year estimate. Post-MCO, the group will continue to invest in critical e-Commerce related infrastructure and attractive incentives-linked growth strategy to better serve the ABOs. Nevertheless, the group anticipates that such support measures, and the economic impact of COVID-19 will exert pressure on its near-term operating margins. Maintain MP with a higher TP of RM5.10 (from RM4.40) as we roll over valuation base to FY21E (from FY20E).

DAYANG (MP; TP: RM1.30). DAYANG’s 1QFY20 results managed to turnaround from losses YoY, thanks to higher offshore maintenance lump sum works coupled with stronger vessel utilisation. However, the group is guiding a weaker outlook moving forward. We are anticipating a weak 2QFY20 on the back of MCO-led disruptions, while overall trend in capex and opex cuts could also translate to lesser work orders for the remainder of the year. Upgrade to MP, given share price weakness, with unchanged TP of RM1.30.

UZMA (MP; TP: RM0.67). UZMA had been awarded a water injection contract for the Sepat platform from Petronas Carigali, with a 30-month period and carries a value of ~RM27m. Overall, we are positive on the contract win, demonstrating Petronas’ reliance on UZMA’s expertise, although the smallish contract value would be largely inconsequential to the company’s order book of ~RM2b. Maintain MP with TP of RM0.67.

GKENT (UP; TP: RM0.51). Despite 1QFY21 only making up 12%/10% of ours/consensus full year forecast, we deem results within expectations bearing in mind GKENT’s 1QFY21 (Jan to April 20) absorbed the full brunt of MCO at its peak – and we expect the coming quarters to gradually perform better. No dividends as expected.

No representation or warranty (express or implied) is given as to the accuracy or completeness of the information nor shall it be construed as an offer/solicitation or recommendation to buy/sell any stocks.

Imagine Dragons – Thunder


Hi Folks. Happy Tuesday. Yesterday’s gone. There’s nothing you can do to bring it back. You can’t “should’ve” done something. You can only DO something.

If you really want to eat, keep climbing. The fruits are on top of the tree! Maroon 5 – Sugar

What’s Up Buddy?

RHB Research Institute: Technical Analysis

1) *CCK (7035)* Price/现价           : 0.53 Target price/目标价: 0.545/0.56 Cut loss/止损价    : 0.515**SyariahSector/领域: CONSUMER  PRODUCT
2) *REVENUE (0200)* Price/现价           : 1.23 Target price/目标价: 1.27/1.30 Cut loss/止损价   : 1.19** SyariahSector/领域: TECHNOLOGY
3) *MTAG (0213)* Price/现价           : 0.515 Target price/目标价 :0.565/0.60 Cut loss/止损价    : 0.50**SyariahSector/领域 : INDUSTRIAL PRODUCT

After rallying 28% from Covid-19 bottom of 1208, KLCI should extend profit-taking pullback due to overbought positions and bleak economic outlook warned by Fed and IMF last week. Key weekly support is situated near 1509 (last Friday’s low). Failure to hold at 1509 would trigger more damage, with the index likely to slip below 1500 and 1470 (uptrend line support from 1208) zones. Weekly resistances are near 1562, 1590 and 1600 levels. In wake of ongoing uncertainty, we advocate investors to stay prudent and accumulate companies backed by solid earnings and/or balance sheet. HLIB top BUYs are TENAGA, TOPGLOVE, RHB, TM, GENTING, SUNWAY and BURSA.

Technical Buy: RGTECH (0202)

Author: PublicInvest |    Publish date: Tue, 23 Jun 2020, 9:42 AM

  • Target Price: RM0.365, RM0.410
  • Last closing price: RM0.340
  • Potential return: 7.3%, 20.5%
  • Support: RM0.325
  • Stop Loss: RM0.300

Possible for chart pattern breakout. RGTECH is staging a potential breakout from its descending triangle chart pattern. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.365 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.410.

However, failure to hold on to support level of RM0.325 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research  – 23 Jun 2020

Lauren Daigle – You Say. I do not care about happiness simply because I believe that joy is something worth fighting for. LOL


Hi Folks! Happy Saturday!! Life continued, and so did the chores. LOL We managed the weekend in between together, mostly catching up on domestic chores; Friday night in the downstairs laundry room of my house.

Scorpions – Holiday.


Boustead Holdings Bhd’s net loss widened to RM73.1 million for 1QFY20 compared with RM22.4 million a year earlier. There were weaker performances across all its divisions except pharmaceutical and plantation. Quarterly revenue dropped 9.8% to RM2.26 billion from RM2.51 billion previously. Boustead chairman Datuk Seri Mohamed Khaled Nordin said the group’s performance was dragged by the Covid-19 pandemic and subsequent Movement Control Order (MCO). He expects the challenging situation to persist until year-end and said a group-wide transformation exercise is underway to “enable us to weather through”. – EDGE

OCR Group Bhd’s 40%-owned associate company Landasan Surimas Sdn Bhd has inked an agreement with Perbadanan Kemajuan Negeri Pahang to set up a 70:30 joint venture named Taraf Raya to provide mechanical and civil works relating to the East Coast Rail Link (ECRL) project within Pahang. Excluding the tunnelling portion, the works are subject to the final contract to be entered among Taraf Raya, Malaysia Rail Link Sdn Bhd and China Communications Construction (ECRL) Sdn Bhd. OCR has also been appointed by Yayasan Pahang to undertake a project management consultation role, which entails overseeing Yayasan Pahang’s affordable housing scheme in the state, encompassing over 25,000 residential units over the next 15 years. – EDGE

GDB Holdings Bhd’s net profit for 1QFY20 fell 18.7% to RM5.72 million, from RM7.04 million a year earlier, due to higher profit recognition from completed projects in the preceding financial period, lower interest income, and higher administrative and other expenses incurred for the current financial period under review. Quarterly revenue rose 54% to RM99.88 million versus RM64.76 million previously. The group has an outstanding order book of RM1.05 billion, comprising among others, construction works for AIRA Residence in Damansara Heights, Perla Ara Sentral in Ara Damansara, Park Regent at Desa ParkCity, Kuala Lumpur and substructure works for Aviary Residence in Puchong Horizon. On prospects, GDB expects the outlook for the current financial year to be challenging, given the ongoing Covid-19 pandemic and economic uncertainties on a global scale. – EDGE

What song would you listen to if you feel resentful? My favourite Meiko Kaji – Urami Bushi.

Palm oil giant FGV Holdings Bhd is hopeful of posting positive results for FY20, despite a challenging first quarter which saw its plantation segment swing to a loss. This will be driven partly by the anticipation that the projected lower fresh fruit bunch production will be offset by FGV’s cost-cutting measures and expectations that crude palm oil prices will stay afloat. Separately, FGV said it will also continue divesting its non-core assets with a target of RM150 million sale proceeds this year. These include the planned sale of Trurich Resources Sdn Bhd and Asian Plantations Ltd. – EDGE

UEM Sunrise Bhd, which swung to a first-quarter net loss largely due to foreign exchange losses, has warned that its earlier sales and gross development value targets of RM2 billion respectively for FY20, are likely to be impacted by the economic uncertainty. The property developer said it is evaluating the targets pending the finalisation of its numbers. Going forward, the group will focus on growing its top-line and ensuring liquidity through prudent spending and conserving cash where appropriate. EDGE

Vsolar Group Bhd has roped in Lambo Group Bhd executive director Koo Kien Yoon as the group’s new executive director. Koo, 43, replaces Leung Kok Keong who relinquished the position today due to personal commitments. Koo has 22 years of extensive and varied working experience in public relations and managing business activity. – EDGE

Ranhill Utilities Bhd has proposed a secondary listing on the Main Board of the Singapore Exchange. The exercise will allow the group, formerly known as Ranhill Holdings Bhd, to access additional platforms for future fundraising to finance the company’s regional expansion, it said in a bourse filing. The water and power firm has appointed CIMB Investment Bank Bhd to proceed with the submission for the secondary listing. – EDGE

Muar Ban Lee Group Bhd (MBL) has emerged as a new substantial shareholder of Federal International Holdings Bhd, after the plantation firm bought a 5.1% stake. MBL’s stake in Federal International exceeded 5% with the purchase of 247,800 shares on June 17, a filing with Bursa showed. This confirms’s earlier article entitled ‘Muar Ban Lee wants a substantial stake in Federal International’. It is learnt that MBL intends to hold more than a 20% stake in the furniture manufacturing-cum-construction company. – EDGE

Permaju Industries Bhd continued to bleed red ink for the third quarter ended March 31, 2020 with a net loss of RM2.23 million on revenue of RM14.33 million, dragged by lower sales in its automotive division. There were no comparative numbers from the previous year, due to a change in its financial year end from Dec 31 to June 30. For the nine-month period ended March 31, the group posted a net loss of RM3.58 million on revenue of RM51.69 million. Going forward, Permaju said its automotive division may continue to face weak sales amid the Covid-19 crisis. It also expects the property sector to remain challenging due to “weak demand and oversupply market”. Permaju has planned a rights issue for additional working capital, which it believes will be positive for the group’s operations, moving forward. – EDGE

No representation or warranty (express or implied) is given as to the accuracy or completeness of the information nor shall it be construed as an offer/solicitation or recommendation to buy/sell any stocks.

Dire Straits – Sultans of Swing

But as far as computers have advanced in my lifetime, the decision-making chores still seem to be reserved for humankind. Hmm.