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Thursday, May 24, 2012

SAPP: BN Has No Clue on SAS

SAPP Youth Exco member Clement Lee has called on the UMNO led-BN government to explain the failure to elevate the SAS to its original value, 14 years after the financial crisis in 1997-1998, even when all the counters in BURSA and Unit Trusts price have recovered to its original value or higher.

Based on the latest SAS price updated on 21 May 2012 remained at RM0.3067 (NAV per unit) as reported from www.sahamsabah.com.my.

It has proven that SAS investment team which has appointed by UMNO led-BN government simply failed in value investing due to poor management planning, incompetency and lack of experiences.

In order to elevate the SAS, one of the solutions is they could use SAS to acquire the Initial Public Offering (IPO) from the institutional offer price from the new listing of Government Linked Company and other potential counters with strong and solid company foundation, management team and fundamental values like Petronas Chemicals, Maxis, Astro, Felda Global Ventures Holding's (FGVH), Gas Malaysia Berhad and etc but they had missed all these opportunities to elevate the SAS for the past 14 years.

For example, Petronas Chemicals, a diversified chemicals maker, rose to a high of RM5.72 before leveling off at RM5.52 on the first day of listing on 26, Nov 2011, up about six per cent from the institutional offer price of RM5.20, while the broader market was flat. Retail investors paid RM5.04 per share in the IPO. Petronas Chemicals jumped as much as 10 per cent on its stock market. SAS could easily benefit from this exercise. Clement Lee said.

The people of Sabah should deserve certain percent of share from Petronas Chemicals whereby Sabah is one of the richest states with oil and gas in Malaysia.

Clement Lee lamented another example like Felda Global Ventures Holding's (FGVH) is planning to issue the IPO either by end of May 2012 or earlier of June 2012. The people of Sabah should deserve certain share since Felda possesses more than 250,000 acres of oil palm plantations in Sabah alone. SAS should capitalize in this exercise but yet they missed this opportunity again.

Unfortunately, Datuk Dr. Yee Moh Chai by praising his CM boss,Datuk Musa Aman as the best CM in Sabah during the dinner of MSAM as reported at Daily Express on 30 April 2012 yet conveniently forgetting the 55000 SAS investors that had been caused plenty of hardship and nightmare, making them poorer or even bankrupt, some of whom took loans from banks and others, left with little or no life and retirement savings as they wait in peril for chances of recovery.

Additionally, the injection of RM 200 million announced by Sabah CM, Datuk Musa Aman on 2008 into SAS whereby we still couldn’t see any impact and positive sign of recovery of SAS price after 4 years until today 2012. Clement Lee said.

We have given ample time for BN to resuscitate SAS but it failed disappointingly. In this coming GE13, let us all stay united in support of our local party SAPP and once and for all, regain the Sabah government from the present incompetent UMNO led-BN government. SAPP will not only to issue WHITE PAPER to reveal the truth of the SAS fiasco but also will substantiate plans to elevate SAS to its original value, if not higher, when we form the next Sabah government.

57 comments:

  1. Why is SAPP so concerned about the SAS issue, still desperate to cover their own mistakes during the SAS downfall?

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    1. of course SAPP is concern about SAS issue and also all the Sabahans problems that caused by useless umno crooks.

      Only umno crooks will never care about SAS and Sabah people problems.

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    2. SAS jatuh kerana YTL.

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    3. Wajarlah tu diulang2. diri sendiri juga yang kena. sekurang2nya mereka sedar SAS tu jatuh ada sebab parti mereka@YTL

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    4. Aku pun pelabur SAS sejak 1995 dilancarkan oleh umno datuk salleh.

      Aku tahu SAS jatuh sebab kaki umno yang makan rasuah dan kaki umno tahu aje buat fitnah sama YTL!

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    5. Because SAPP is desperately want to make issues out of all.

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    6. People are not easily be fooled by SAPP.

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    7. tidka tahulah..kehabisan isu sudah barangkali...pru13 pun makin dekat..

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    8. sampai sekarang masih belum tahu siapa penyebab sebenar kejatuhan SAS??

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  2. If Yong Teck Lee is not involved in the SAS downfall, then pigs will fly.

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    1. If YTL is involved, why no action take against him except bullshitting by UMNO's puppets?

      It has proven UMNO are pure crooks by cheating SAS investors hard earned money.

      Be End days are numbered in Sabah! People are not stupid!

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    2. Well, he will never want to admit it.After all, he just want to protect his dignity. Shame on him.

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    3. YTL will say anything just to make ppl believe that he is not involved in SAS. Unfortunately, its too late now. If he innocent, he should had proven it to the people years ago when he claim that he is not the caused of the SAS downfall.

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    4. YTL tanding pru pun akan kalah juga...sebab tu dia perlukan bantuan PKR untuk melanjutkan tempoh hayat kerjaya politiknya...secara jujur, YTL sudah jadi liabiliti kepada SAPP..

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    5. YTL sendiri yang salah tapi tidak pernah mengaku kesilpannya. Apa yang dia buat ialah cuba menolak tanggungjawab ini kepada pihak lain.

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    6. Ya kah? jika YTL yang salah macam ape yang dituduh oleh umno, kenapa tidak mengeluarkan kertas puteh untuk menyiasat? Siapa umno mahu melindungi ya?

      Rakyat Sabah buka sebodoh macam kaki2 pengampu umno sekarang. Matai lah umno ini kali.

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  3. of course SAPP is concern about SAS issue and also all the Sabahans problems that caused by useless umno crooks.

    Only umno crooks will never care about SAS and Sabah people problems.

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    Replies
    1. Come on la, since when opposition is so deadly concerned about us? In fact, YTL is the main culprit.

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    2. SAPP hanya mencari alasan untuk terus kekal relevan dalam politik..

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    3. umno yang palui mesti dihancurkan di Sabah. Kamu orang makan duit SAS dari orang miskin Sabah. Kamu tunggulah ketulahan orang2 umno ini nanti.

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    4. of course everyone cared, if its really serious then the govt would hae announce it.

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  4. SAPP is not concern about SAS,they just feel guilty being the root cause of it all.Now they are trying to slowly cover their tracks but can you hide an elephant behind your house?Now they are trying to play smart by trying to make suggestions and offer solutions thinking that by doing so they will be able to blur everyone's eyes from focussing and pointing their fingers on SAPP.The fact is they are worried that the majority of the investors are still blaming YTL for the SAS fiasco hence the constant attempt in re-writing about SAS as a damage control to minimise the negative impact the people have on them.Well I think the 'timer is set' and its just a matter of time before it explode right on their faces come GE13.

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    1. I wonder why SAS still in RM0.30 after 15 years? It has proven Umno crooks are pure stupid and got no clue on how to lift the SAS price except slandering against Yong.

      Umno crooks only getting their gaji buta for the past 15 years with the expense of SAS investors money.

      Retribution is the word will come for all the UMNO crooks and their Puppets in BN in this coming GE13.

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    2. Indeed Anak Petagas. The guilty-ness is always there. Plus, what can he do? All the money has been spent and none to be given to the public. And now trying to knock the government down, what's the point in that?

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    3. What took YTL so long to prove that he is not wrong.. Why wait when GE13 is coming then only he come out telling people that he is not involved.

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    4. Betul tu Anak Petagas, mereka yang makan cili, sekarang sudah rasa pedasnya dan cuba nak mengalih perhatian rakyat Sabah. Bolehkah kita mempercayai orang macam ini untuk menjadi KM Sabah sekali lagi? Untuk terus menipu rakyat Sabah?

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    5. SAPP hanya mahu rakyat Sabah nampak kesalahan kerajaan dan melenyapkan ingatan rakyat Sabah kepada SAPP-SAS..

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    6. Aku pelabur SAS, memang betul umno itu tidak boleh pakai. Boleh gulung tikar dalam PRU13 ini kali

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    7. umno
      penipu
      acuan
      mahati..ll

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  5. Since YTL is responsible he is the person who 'makan gaji buta' not BN.Now that the people know the retribution is on SAPP and YTL in GE13 not BN.Still playing'hide and seek' eh?

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    1. YTL wants to get back in power so he can continue makan gaji like he used to do during his tenure as the cm.

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    2. 2 tahun menjadi KM sebelum ini tidak mencukupi, YTL mahu menjadi KM semula untuk terus merompak Sabah. Saya tidak akan mengundi SAPP selagi YTL masih ada.

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    3. musang bin tidak aman jadi KM Sabah selama 9 tahun dan tahu saja merampas tanah NCR orang2 kampung.

      Saya tetap sokong SAPP ini kali sebab Yong banyak tolong rakyat Sabah walaupun 2 tahun saja dia jadi KM Sabah!

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    4. musang
      benggali
      lanun
      yg
      kenyang
      wang
      halam....

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  6. YTL ini hanya pentingkan air muka dan bukannya maruah kita. Jadi apa yang dia katakan semuanya karut belaka. Sekarang I nak tahu pla macam mana kesnya dengan Harris, yang tak pandai habis2.

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    1. Can't trust YTL. We don't someone like YTL to lead sabah. He got his chance years ago and he blew it.

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    2. Only 2 years..no long enough. He needs at least 4 years.

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    3. Musa aman 9 tahun jadi KM Sabah dan menyebakan Sabah menjadi termiskin di Malaysia.

      Aku tetap undi Yong ini kali sebab dia banyak tolong pribumi Sabah walaupun dia hanya KM Sabah 2 tahun.

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    4. Yong is the only opposition leader in Sabah who is capable and trustworthy if compared to the others oppositions like Fake PHD holder hiew king chiew, and fake sino kadazan certificate holder jimmy wong.

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    5. Buat aduan yang sia-sia saja, tiada bukti yang kukuh pun.

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  7. Tiada bukti langsung yang boleh kait YTL kepada kejatuhan SAS.

    Nampaknya pengikut kuat UMNO BN ini sudah panik kerana sudah diberi kuasa kerajaan selama 15 tahun tapi masih lagi gagal naik harga SAS yang masih rendah.

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    1. YTL sudah hilang taring...tidak relevan sudah...

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    2. SAS masih bernafas pun sudah cukup bagus.

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    3. Betul kata Samsudin, kaki pengampu umno sudah bergegar. SAS masih dalam 30 sen walaupun 200 juta dimasukkan oleh musang. Dimana sudah 200 juta itu? Semua masuk pocket umno kah?

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    4. Tiada bukti yang kukuh pun, buat kacau saja.

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  8. kalau dibagi pilihan mana satu mahu undi antara SAPP dan Star, saya pilih Star...sebab SAPP lemah...tidak ada daya tahan yang kuat...pemimpin juga lemah...presiden patut ditukar kalau mahu SAPP kekal relevan..

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    Replies
    1. Ini pilihan yang akan merugikan Sabah.

      Kamu fikirlah betul2 sebelum parti2 Malaya rampas harta dan kuasa orang Sabah.

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    2. SAPP mmg lemah, entah apa perjuangan sebenarnya.

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    3. Saya hanya nampak ketua pembangkang Yong saja yang berkualiti untuk memimpin Sabah.

      Yang lain itu hanya muncul apabila PRU dekat. Apa mereka pernah buat untuk Sabah selain daripada tunjuk longkang?

      Saya akan undi SAPP!

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    4. Undi saja siapa kamu mahu. Tiada juga orang mahu halang.

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    5. Tiada parti yang boleh berdiri sendiri tanpa kerjasama dengan parti2 lain. Star jangan harap boleh jadi kerajaan. mungkin hanya akan memecah undi pembangkang.

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    6. jika boleh tak pilih, lagi baguslah

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  9. Malar isu SAS. Itu saja modal SAPP?

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  10. Lebih kepada kasi tengok gambar muka macam orang utan Sepilok.

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  11. SAPP ada niat nak jatuhkan BN bahhh

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  12. Kalau benar SAPP berjuang untuk SAS kenapa membiarkan Yong memusnahkannya dulu. Cuba fikir sebelum berkata-kata??

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  13. eleh.. macam mana sekalipun sapp mahu putar belit berkenaan dengan SAS, saya tetap menuding jari kepada SAPP kerana merekalah yang menyebabkan rakyat Sabah rugi..

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