MUHAMMAD ASHRAF's comment on STRAITS. All Comments
MUHAMMAD ASHRAF
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under maximum scenario..they going to spend about RM50mil in cargo oil..

My assumption,
A- existing money to buy cargo oil (been rolling over and over)
B- NYSE IPO money to buy cargo oil

Once, B injected..A going to cover for next buy..thus..selling of cargo oil from B will have very big profit..instead of rolling from A over and over..which makes the profit a peanut..


i may be wrong..not from Accounting Field though
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3 months · translate ·
personal afandi
I tot their Banle listed in Nasdaq 2 years ago..is it the same listing proposal?
Like · 3 months · translate
MUHAMMAD ASHRAF
Banle is an associate company of Straits..not a subsidiary..
the capital generated from Nasdaq IPO is directly manage by themselves..
And a small portion of their business profit goes to Straits
Like · 3 months · translate