SAPP Youth Exco Clement Lee demands an explanation from Deputy Sabah Chief Minister Datuk Dr. Yee Moh Chai in explaning why the SAS price has not appreciated even after injection of RM200 million by UMNO led-BN government in recent years but instead, disappointingly it incurred a significant loss of RM 20 million in 2011 investment as reported in SAS Annual Report 2011.
In comparison, BURSA index has increased more than 80% from 859 points in 2009 to 1569 points in today 2012, right after the RM 200 million injected into SAS by UMNO led-BN government.
Yee was once very vocal and championed the SAS issue by accusing former Chief Minister as the cause of SAS downfall during the Asian Financial crisis in 1997-1998, but why is he now missing in action and keeping mum and quiet about it?
Furthermore, SAPP has made few reports to the authorities concerned to demand an investigation of the cause of the downfall. Two SAPP YBs have also requested the DewanUndanganNegeri speaker to move the motion in Sabah State Assembly to issue White Paper to find out the truth but was rejected by the most vocal and active YB Datuk Dr. Yee Moh Chai, he himself who supposedly championed the SAS issue. Does he sincerely want everyone to know the truth or just want an audience to listen to his slandering against former Chief Minister by twisting the truth?
We reckon Yee should pursue and assist to solving the problem affecting over 50000 SAS investors instead of resorting to restlessly and relentlessly accusing the former Chief Minister. Such an act merely serves to gain political mileage. He would later keep quiet and pretending not in the know. The people of Sabah need a minister who could solve problem, not someone who only knows how to complain without further solid actions to follow.
If not, Yee should therefore apologize to the people of Sabah and gracefully resign from his ministerial position as he has been ineffective in and incapable of taking firm actions towards solving problems, especially those that are close to people's hearts.
BURSA (formerly known as KLSE) index dropped to 279 points which was the lowest point in Malaysian history during the Asian Financial crisis in 1997-1998, causing SAS shares to drop drastically and none of the stock counters in BURSA could escape from this tumble during the fiasco.
After 14 years since 1997 Asian Financial Crisis, BURSA index has gone up to 1500+ points as of March 2012 and recorded an increased about 570% from 279 points in 1997-1998. Why there is no major Financial Crisis in Malaysia from 1998-2011 and yet there are no signs or indications of positive movement for SAS until today in 2012? Clement Lee asked.
This is proof enough that the UMNO led-BN government is simply incompetent and useless.
SAPP is committed to solving this problem faced by the over 50,000 investors that the BN-led government could not, even after 14 years. SAPP will issue the necessary White Paper to find out the root-cause of the downfall of SAS and reveal the truth to the public when we form the Sabah state government.
We will also assist to elevate SAS to its original value, or even let it appreciate higher, to a value it rightfully so deserves.
Jika UMNO tidak pandai urus SAS, berundur diri lah. Buat apa duduk sana makan gaji buta?
ReplyDeleteKaki pengampu UMNO hanya tahu buat FITNAH sama SAPP dengan tuduhan2 yang PALSU.
Kamu tunggu sajalah balasan dari rakyat dalam PRU13.
Macam mana nak tumbangkan BN bila kerjasama di antara pembangkang sendiri tidak mantap? 1 lwn 1 tidak akan wujud dan ia memberi laluan mudah kepada BN.
Deletepembangkang di Semua hnya pentingkan diri terutamanya SAPP. sebab tu mereka sukar nak bekerjsama.
Deletedulu tu YTL jadi KM sabah pandai urus SAS kah?
DeleteYTL lagilah tidak pndai urus..lagi teruk.
DeleteAll the SAS board of directors are UMNO people. No wonder SAS price will never goes up since 1997.
ReplyDeleteHow do we expect SAS price to shoot up running by a bunch of monkey?
SAPP are once belong to BN, if you say they are not at all involved in the SAS case, I won't believe it.
DeleteAnonymousMar 13, 2012 06:41 PM
DeleteSAPP are once belong to BN, if you say they are not at all involved in the SAS case, I won't believe it.
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According to Securities Commission regulations, all the Buy-Sell transactions of SAS can only be approved by SAS board of directors and approved by SAS Chairman who is Datuk Salleh during that time and their BODs all are UMNO people. Are you telling us Salleh signed BUTA during his tenure?
What is got to do with Yong?
Your slandering against SAPP already OUTDATED lah! You HATE the truth to be revealed to mislead the SAS investors again?
SAS management kurang peka dan tidak dapat mengendali SAS dengan baik.
DeleteBlack pot shouldn't call the kettle black, SAPP is as much to be blamed for the SAS downfall, stop trying to play the hero.
ReplyDeleteAnonymousMar 13, 2012 06:40 PM
DeleteBlack pot shouldn't call the kettle black, SAPP is as much to be blamed for the SAS downfall, stop trying to play the hero.
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During Asian Financial Crisis, all the stocks and unit trusts in Asia have dropped drastically. Why no one blame all the state Menteri Besar and Chief ministers EXCEPT Yong? Why No one blame Hong Kong governor, Singapore and Malaysia Prime Ministers when their country stock indices also dropped?
Why in 2012, all the share price goes up but only SAS fell? What is got to do with Yong then? lol
Your slandering against SAPP is utterly absurd!
Blame your bad luck.Secondly YTL is so unpopular that anything and everything thats bad must be due to him.
DeleteIt has proven that UMNOG puppets running out of idea and admitted their wrong doing. The fact is UMNOG cheat! So pathetic!
Deletesapp akan cuba mencari kesalahan orang lain agar rakyat lupa tentang kegagalan mereka.
DeleteKepala otak kau lah Ko. Yang pencuri dari UMNO, kamu kata mereka alim. Yang bersih macam Yong, kamu tuduh dan buat fitnah sama dia.
DeleteKamu tunggulah ketulahan kamu.
Semua kita tahu SAS dikendali oleh orang2 umno yang terdiri daripada Board of Directors termasuk chairman dia Datuk Salleh.
Semua kaki pengampu dan directors UMNO dalam SAS makan gaji buta kah selama 14 tahun ini?
Parti SAPPI marah Presiden nya tidak popular malah kena benci rakyat.Tengok saja Batu Sapi pun kalah.Mau berdiri sekali lagi di sana.Saya ingat kali ini parti SAPPI habis lah.0 kerusi.Bagus piara sapi saja.
ReplyDeletepilihraya di Batu Sapi hari tu dah menunjukkan bahawa SAPP dan YTL tidak dipercayai oleh rakyat.
DeleteSAPP mahu jadi hero...YTL kemaruk mahu jadi KM balik..
Deletedi Batu Sapi sudah menunjukkan YTL tidak mendapat sokongan..
DeleteDi batu sapi jika bukan UMNO punya PENDATANG HARAM yang mengundi, kamu fikir UMNO boleh menang kah? Tepuk dada tanya selera ler.
Deletethe Anon above sound like is desperate and running out of idea and start barking like a mad dog bla bla bla ... hahahahaha
ReplyDeleteSAPP Boleh x 3!
How "white" the White Paper gonna be?
ReplyDeleteWhy don't you ask YTL what he done to SAS. But current govt SAS has got improvement.
ReplyDeleteSAS has achieved a gross income of RM64.286 million at financial year ended Dec 31st, 2010 with main gains coming from SAS' investment in the stock market (76.9%) followed by income from dividends at 13.7 per cent, and financial market earnings of money market (5%), sale of bonds (2.7% and Forex Forward Contract (1.7%). After deducting expenses and taxes, SAS' distributable income amounted to RM46.358 million
SAS was managed by a group of monkey appointed by UMNOK. All the buy-sell of share can only be approved by UMNOK monkey who is SAS Chairman.
DeleteWhat is SAS got to do with YTL?
the good performance of Bursa Malaysia enabled such payout to be made to the SAS investors.
ReplyDeleteThe performance for the year 2010 has been positive with the Bursa Malaysia FBM KLCI closed higher at 1,518.91 points which represented an increase of 19.3 per cent in comparison to 1,272.78 points as at Dec. 31, 2009. the dividends will be paid to the investors comprising 46,014 (85.2pc) individual investors, 7,407 (13.7pc) investors under the Hardcore Poor Scheme, 530 (1pc) investors with bank loans and 49(0.1pc) corporate investors
Mana pula percadangan "white paper" tersebut?
ReplyDeleteSAPP is committed to solving this problem faced by the over 50,000 investors that the BN-led government could not, even after 14 years.
ReplyDeleteSemoga SAPP bukan memberi janji manis sahaja.
ini janji manis SAPP saja...jangan terpengaruh...janji mahu dapat undi tu..
DeleteSAPP sentiasa memberi janji kosong, jangan cepat terpedaya.
Deletedari dulu sapp ni pandai berjanji, tapi masa SAS hadapi masalah dulu apa yang mereka lakukan?
DeleteDatuk Salleh said keruak sendiri yang janji kepada pelabur jika SAS jatuh kebawah RM1 dalam tahun 1995 semasa pelancaran Sas, Umno akan bayar ganti rugi kepada pelabur. Siapa yang janji kosong?
DeleteSemasa SAS jatuh ke 20 sen dalam tahun 1997-1998, Datuk Salleh sendiri yang jadi pengarah SAS. Dia tidur dalam kerja dia ke?
Bukan ke SAPP dan YTL yang harus bertanggung jawab berkenaan kes SAS ini?>
ReplyDeleteSAS was managed by a group of monkey appointed by UMNOK. All the buy-sell of share can only be approved by UMNOK monkey who is SAS Chairman.
DeleteWhat is SAS got to do with YTL?
Lain kali kamu tidak dapat birak also YTL fault kah? hahahaha
SAS jatuh ketika YTL jadi KM, sekarang mereka pandai pula dolak dalik nak jadi hero.
DeleteSAS jatuh sebab UMNOK datu salleh adalah pengerusi SAS yang palui. Kaki pengampu UMNOK takut betul kebenaran dan suka betul buat Fitnah sama Yong. Kesian
Deletesaling tuduh menuduh..dekat pru ne macam2 keluar.
DeleteYTL tidak pernah pun mengakui kegagalannya, sebaliknya cuba mencari kesalahan orang lain pula.
DeleteKepala otak kau lah ko, jika YTL bersalah, kenapa takut betul bos umno kamu mendedahkan kebenaran selain daripada buat fitnah saja dengan mulut kamu yang berbau busuk?
DeleteUMNO takut betul sama kebenaran!
Chief Minister Datuk Dr. Yee Moh Chai in explaning why the SAS price has not appreciated even after injection of RM200 million by UMNO led-BN government in recent years but instead, disappointingly it incurred a significant loss of RM 20 million in 2011 investment as reported in SAS Annual Report 201
ReplyDeleteBukannya orang awam dan golongan pelabur boleh terima penjelasan beliau sedangkan kerugian sudah pun terjadi.
According to Securities Commission regulations, all the Buy-Sell transactions of SAS can only be approved by SAS board of directors and approved by SAS Chairman who is Datuk Salleh during that time and their BODs all are UMNO people. Are you telling us Salleh signed BUTA during his tenure?
ReplyDeleteWhat is got to do with Yong?
Your slandering against SAPP already OUTDATED lah! You HATE the truth to be revealed to mislead the SAS investors again?
SAPP hanya tahu buat bising saja..
ReplyDeleteBiasa lah SAPP hanya tau mengkritik sahaja, tapi tiada tindakan yang di buat.
DeleteApa tindakan pencuri dari UMNO buat salama 15 tahun ini selepas masalah kewangan sejak dari 1997? TAKDE PUN! Harga saham Sabah semakin menjatuh pula.
DeleteJika UMNO tidak pandai, berundurlah diri bagi SAPP yang pandai mengurus.
pru 13 makin dekat..undilah dengan bijak..
ReplyDeleteya..undilah dengan bijak ketika PRU nanti.
DeleteKaki pengampu UMNO hanya makan gaji buta aje. Jika tidak tahu urus SAS, berundur diri dan kasih SAPP buat.
ReplyDeleteSudahpun 14 tahun, harga SAS masih sama dan pengerusi SAS sama juga kaki pemgampu UMNO sejak 1995 sampai hari in 2012.
Do you expect SAS price to surge if running by a bunch of monkey from UMNO? lol
ReplyDeleteKalau SAPPI urus SAS lebih teruk lagi semua wang kerajaan habis.Mampus SAPPI!
ReplyDeleteSAPP pun tidak boleh buat apa2 juga, hanya cakap kosong sahaja.
DeleteBelum cuba belum tahu.
DeleteAku sebagai pelabur SAS hanya tahu UMNO tidak boleh pakai dan haprak aje. Semua gaji buta dan palui. UMNO mesti dihancurkan di Sabah.
Ape yang aku tahu SAS diurus oleh umno, asyik rugi saje sejak pelancaran SAS dalam tahun 1995 sehingga hari nie. UMNO kuat tidak boleh pakai lagi! UMNO mesti dihancurkan di Sabah.
ReplyDeleteInside corruption of SAS umno cahoots all rotten eggs....how can SAS survive?
ReplyDeletenesa has left a new comment on your post "SAS poorly managed":
ReplyDeletesama juga lah dengan kaki pengampu pembangkang, tidak dapat terima keyataan yang memang YTL yang bermasalah ketika menjadi KM.
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Jika YTL yang salah, kenapa takut betul menunjukkan fakta selain daripada asyik buat FITNAH sama YTL?
Kamu tunggu balasan oleh rakyat dalam PRU13.
Masing2 punya pandangan sendiri dalam hal ini, terpulang kepada rakyat siapa yang mereka mau sokong.
ReplyDeleteAre they not involved in SAS case?
ReplyDeleteIf SAS management is less sensitive the case surrounding SAS cannot be handled properly.
ReplyDeleteI presume they are aware of who is responsible for the downfall of SAS.
ReplyDeleteWho are we to blame now?
ReplyDeleteNo one should play heroism in issues like this.
ReplyDeleteLet see what will eventually happen.
ReplyDeletePerhaps SAS need better management.
ReplyDeleteWasn’t the suggestion of “White Paper” accepted?
ReplyDeleteThe people do not need empty promises other than actions.
ReplyDeleteStill the people will be encouraged to vote wisely.
ReplyDeleteCast your vote wisely and do not be misled by anyone.
ReplyDeleteCast your vote wisely and do not be misled by anyone.
ReplyDeleteThe general election is around the corner, I suggest we vote prudently.
ReplyDeleteWait and see the response of the people, their choice during the general election.
ReplyDeleteThe people’s support cannot be neglected.
ReplyDeleteTiada masalah kewangan selama 14 tahun, UMNO pun tidak pandai urus sampai rugi 20 juta.
ReplyDeleteApa yang aku tahu, SAS chairman adalah orang umno Salleh dan dia saja yang boleh meluluskan jual-beli saham dalam tahun 1997 semasa SAS jatuh mendadak. Apa kena-mengena dengan Yong pula? hahahaha
Jika kaki pengampu umno tidak pandai, akun lah tidak pandai.
semua tahu SAS bermasalah ketika YTL jadi KM dulu...
ReplyDeletesebab itu pemimpin2 SAPP berusaha mahu cover balik kesilapan mereka dengan membangkitkan isu ini..
DeleteSAPP tidak payah mau cover balik siapa makan rasuah SAS. SAPP suruh lagi kerajaan UMNO buka siasat mengenai kejatuhan SAHAM Sabah.
DeleteSAPP sudah melaporkan beberapa kali sama polis dan MACC suruh siasat pasal SAS.
Kenapa UMNO pura2 tidak tahu dan berdiam pula? Bukan kah UMNO kerajaan Sabah atau pembangkang di Sabah? kakakakaka
semua pun mau tahu orang umno datuk salleh jadi SAS chairman apa dia buat sampai saham SAS jatuh? Dia gaji buta kah? huhuhu
ReplyDeleteapa YTL buat masa di jadi KM Sabah?? makan gaji buta ka?? kenapa tidak batalkan saja pertukaran saham ini jika kebijaksanaannya melebihi manusia biasa??
DeleteYTL bukan makan gaji SAS kot.
DeleteUMNO Datuk Salleh lah yang ambil gaji SAHAM SABAH sebab dia kan bekas ketua pengerusi SAS. Dia tidurkan dalam kerja dan makan gaji buta?
Bertaubat leh kaki pengampu UMNO. Berdosa asyik buat fitnah sama SAPP.
YMC should also demands SAPP to explain the huge loss of SAS during YTL tenure..
ReplyDeleteSemua rekod jual-beli saham Sabah didalam tangan UMNO datuk salleh dan dia dulu bekas Ketua Pengarah SAS semasa HARGA SAHAM SABAH menjatuh mendadak.
DeleteApa kena mengena dengan Yong pula Harryzan? Kamu fikir rakyat Sabah sebodoh macam kamu kah? Hahahahaha
Harryzan, Why YMC need to ask YTL to explain about the huge loss of SAS?
DeleteI thought all the SAS Board of directors meeting minutes are kept with Musang bin tidak Aman office? All the buy and sell for the SAS shares were all recorded in the minutes.
I wonder why now WHY UMNO is so afraid to issue WHITE PAPER to reveal the truth, bcos they know all the people involve are Datuk Salleh said keruak who was the CHAIRMAN of SAS and his cronies.
SAPP is on rage...trying to get some free media coverage via old issues that has been clarified over & over again..
ReplyDeleteSAPP is trying to confuse the public again...the fact that YTL also bear some responsibility on this issues never bother them...
It seems like UMNO is denying SAS is making a loss of 20 million in 2011. As usual, UMNO crooks are useless!
Deletesabaheco, If Yong is guilty, why your BN boss refuse to issue WHITE PAPER to reveal the truth?
DeleteWhy Salleh is keeping quiet on SAS downfall since he was ex-SAS chairman?
SAS has reported a gross income of RM27,155,786 as at March 15 this year.
ReplyDeleteIncome derived from SAS’s investment in the stock market (84.61%), dividend income (5.32%), money market (1.18%) and forex forward contract (8.89%).
DeleteAfter deducting manager’s expenses and provision for taxation, the distributable income amounted to RM24,109,627.
DeleteSaham Sabah Berhad Chairman, Datuk Maijol Mahap declare an interim income distribution of 1.9% or 1.90 sen net per unit for 2012.
DeleteThis income distribution would involve a total payment of RM23,480,162 and the calculation was based on 1,235,798,000 units held as at March 15 this year.
DeleteThe total income distribution represented a yield of 5.89% investment return based on the net asset value (NAV) per unit of RM0.3228 as at March 15.
DeletePerformance for the first two and a half months of this year had been positive with the Bursa Malaysia FBM KLCI closing higher at 1,579.38 points, which represented an increase of 3.18% in comparison to 1,530.73 points as at December 31, 2011.
DeletePerformance of MSCI All Country Asia ex Japan index increased by 11.73%.
DeleteIncome distribution would be paid to 53,998 investors comprising 46,089 individual investors (85.4%), 7,407 investors under the Hardcore Poor Scheme (13.7%), 455 investors with bank loans (0.8%) as well as corporate investors (0.1%).
DeleteIncome distribution would be paid through the issuance of warrants by April 15 this year.
DeleteInvestors under the Hardcore Poor Scheme will be paid cash through their Amanah Saham Bumiputra (ASB) accounts. The amount paid to PPRT investors, he said, would be determined at a later date once the PPRT accounts have been updated.
DeleteSince its inception 17 years ago, inclusive of the interim 2012 distribution, SAS had declared 12 distributions involving payments amounting to RM404,119,371 net or 71.22%.
DeleteNo Unit Trust company will declare dividend only after 3 months of performance EXCEPT those UMNO politikus trying to cover up all the LOSSES made by SAS incompetence people in their management after SAPP revealed the LOSSES made by SAS in 2011.
DeleteSAS board of directors appointed by UMNO are simply a LOSER!
drako drakoniusApr 9, 2012 01:09 AM
ReplyDeleteSince its inception 17 years ago, inclusive of the interim 2012 distribution, SAS had declared 12 distributions involving payments amounting to RM404,119,371 net or 71.22%.
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As a SAS investor, I just want my SAS price to be surged up back to RM1. Stop fooling us with all your NONSENSE.
RM400 milion dividend for the past 17 years? Why need 200 million injection if SAS is making money from UMNO crooks who manage SAS if really making money? hahahahahaha