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Monday, March 12, 2012

SAPP: SAS Making a Big Loss of RM20 Million in Investment in 2011


SAPP Youth Exco Clement Lee demands an answer from UMNO led-BN Government and SAS investment team as to why it made a BIG LOSS of almost RM20 million (to be exact RM 19,870,833.00) in investments in 2011 as extracted from the SAS Annual Report 2011 on page 12?

He also demands an explanation as to what is “Realized Loss on sale of Investment”, amounting to RM 31 million (to be exact RM 31,124,228.00) as stated on page 22 of SAS Annual Report 2011.

There is no detail provided for this “Realized Loss on sale of Investment” in this report.



Does the SAS investment team have any expertise in investing in foreign securities like Singapore, Hong Kong, Indonesia, and Thailand markets? He queried.

Furthermore, Datuk Dr. Yee Moh Chai has been relentlessly accusing former Chief Minister as the cause of SAS downfall during the years of 1997 and 1998. What he could not fathom doing is to improve the value of SAS, even after the course of 14 years? Clement Lee asked.

SAPP is committed to solving this problem faced by the over 50,000 investors that the UMNO led-BN government could not solve, even after 14 years from the Asian Financial Crisis in 1997-1998, plus the additional RM200 million government grant injected into SAS in recent years which was announced by Sabah Chief Minister Datuk Musa Aman, this has proven that the current UMNO led-BN government is simply incompetent and useless.

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 in elevating SAS to its original value, or even let it appreciate higher, to a value that it so rightfully deserves.

55 comments:

  1. SAPP can form the state government in the next world.This fella is taking Sabahans for nuts and learn from his early political days on how to tell and spread lies.

    SAPP should be amused to find that BN is counting the days on SAPP demise and after the next GE it will only be the 'Yong' and the 'Lee' that are left behind to run the party.

    ReplyDelete
    Replies
    1. Now AP is really desperate and running out of excuses.

      Delete
    2. I could see UMNO is frustrated and will be finished off by Sabahans in the coming GE13.

      Delete
    3. The defeat in Batu Sapi is a clear sign that SAPP will not win.

      Delete
    4. truth is out thereMarch 13, 2012 at 2:06 AM

      Win or not win is with the people and if they vote so, then it is what they want. Batu Sapi is a test of all the betrayals, federal parties intervention, their might with $$$, so the people of Sabah has to choose between, their autonomy or being servants of the Malayans.

      Delete
  2. SAPP is just as much to blame as the rest, they are involved in the SAS as well. And SAPP is once a party under BN.

    ReplyDelete
    Replies
    1. I think you better migrate to Indonesia and vote for a party from Indonesia.

      Delete
    2. SAPP also should explain what happened to SAS during YTL administration as a CM.

      Delete
  3. So much white paper, a waste of time and money since we already know what happened.

    ReplyDelete
    Replies
    1. Transparency is needed for SAS.

      Delete
    2. but, if white paper is necessary to revealed the truth, why not try it?

      Delete
  4. What? RM20 million looted again by umno?

    UMNO days are numbered in Sabah!

    ReplyDelete
  5. More like SAPP days are numbered.

    ReplyDelete
  6. More like UMNO days are numbered. UMNO hates truth be revealed. They love to sin!

    ReplyDelete
  7. SAPP loves to shit in peoples backyard.

    ReplyDelete
  8. It seems like party malaya goons only good in complain but no solution.

    If umno couldn't solve it, just resign and let SAPP to solve the people problem.

    ReplyDelete
  9. Who's complaining? SAPP or UMNO? Who is writing this article?

    ReplyDelete
  10. Ask SAPP to close shop much better.Even its leader cannot win in Batu Sapi now boasting to form government.Sabahans are not dumb or blind.Why your President lost in Batu Sapi? Why now said can form government? Stupid writer.

    ReplyDelete
  11. Let someone else take charge in solving the people’s problem.

    ReplyDelete
  12. I hope SAS will be elevated to its original value as stated.

    ReplyDelete
  13. Our Sabah's rights, natural resources were being taken away from us bit by bit.

    ReplyDelete
  14. We let other people rob us of our wealth without any resistance?

    ReplyDelete
  15. The people are waiting for the truth to be revealed.

    ReplyDelete
  16. SAPP is just a small Sabah party, at Batu Sapi by election the two national parties, BN and Pakatan went all out for the kill, PM, DPM, MBs, CMs, ministers attacked SAPP left right centre, and Loads of money, surprisingly, SAPP survived. Sabah still has hope because of having a party commited to fight for Sabah.

    ReplyDelete
  17. AnonymousMar 12, 2012 05:40 AM

    Ask SAPP to close shop much better.Even its leader cannot win in Batu Sapi now boasting to form government.Sabahans are not dumb or blind.Why your President lost in Batu Sapi? Why now said can form government? Stupid writer.
    ----------------------------------------------------------------------

    It seems like the Anon above when failed one time in his life, he will go to dig a hole to bury himself. Kesian betul budak ini.

    ReplyDelete
  18. SAPP sendri terlibat dalam kerugian SAS pada suatu ketika dulu.

    ReplyDelete
    Replies
    1. They should responsible with what had happened with SAS.

      Delete
  19. lebih baik beri idea dan kerjasama bagaimana nak tingkatkan keuntungan SAS.

    ReplyDelete
  20. lawMar 12, 2012 07:38 PM

    SAPP sendri terlibat dalam kerugian SAS pada suatu ketika dulu.
    ------------------------------------------------------------------

    According to Securities Commission policy, only SAS Chairman and Board of Directors have the power to approve any buy and sell activities of SAS share and they are all UMNO members. Datuk Salleh was SAS chairman during that time and he signed BUTA kah?

    What is got to do with SAPP?

    ReplyDelete
  21. SAS 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.

    ReplyDelete
  22. the good performance of Bursa Malaysia enabled such payout to be made to the SAS investors.
    The 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

    ReplyDelete
  23. I did not even receive a single cent from SAS since 1998. Stop bullshitting UMNO cronies. Your days are numbered.

    ReplyDelete
  24. Tidak tanya pula kerugian RM400 million dahulu. Siapa ketua semasa itu??

    ReplyDelete
  25. Perkara ini tidak dapat dijangka. Namun kerugian mungkin tidak sebesar sebelum ini.

    ReplyDelete
  26. SAPP tidak perlulah mahu mempersoalkan mengenai SAS ini. Sedangkan Yong sendiri tidak dapat melakukan yang terbaik semasa mementadbir.

    ReplyDelete
    Replies
    1. Sekurang2nya rakyat mengetahui tentang perkara sebenar dan mereka yang telah melabur dalam SAS mendapat gantirugi.

      Delete
  27. BatresiahMar 13, 2012 06:33 PM

    Tidak tanya pula kerugian RM400 million dahulu. Siapa ketua semasa itu??
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    Dalam undang2 SAS, semua jual-beli saham hanya boleh diluluskan oleh Board of Directors of SAS dan SAS Chairman. Bukan Ketua Menteri Sabah.

    Dalam tahun 1997, SAS chairman and semua Board of Directors adalah kaki pengampu UMNO dan ketuanya adalah Datuk Salleh. Dia signed BUTA kah dalam masa itu yang menyebabkan kekalahan RM400 juta Batresiah?

    Apa kena mengena dengan SAPP, SAS jatuh dalam 1997? Sila baca undang2 UNIT TRUST sebelum kamu buat fitnah sama SAPP aje Batresiah.

    ReplyDelete
  28. BatresiahMar 13, 2012 06:35 PM

    SAPP tidak perlulah mahu mempersoalkan mengenai SAS ini. Sedangkan Yong sendiri tidak dapat melakukan yang terbaik semasa mementadbir.
    ------------------------------------------------

    Masa Yong jadi KM Sabah negara asia mengalami Masalah Kewangan dan semua saham pun jatuh.

    Tetapi selama 14 tahun ini tiada pun ada masalah kewangan dan semua harga saham lain naik medadak, kenapa hanya SAS jatuh?

    Musang tidur ke dan makan gaji buta dalam kerjanya?

    ReplyDelete
    Replies
    1. Salah! Masa Amerika menghadapi masalah pasal hutang perumahan tidak berbayar semua Bursa saham dunia jatuh diantara 2007 hingga 2010.Lagipun akui sajalah YTL tidak cekap jadi KM masa itu jangan salahkan lain orang pula.Pandai betul SAPP ni berlakon dan bersandiwara.Main wayang kulit ka?

      Delete
    2. SALAH! Apa kena mengena Amerika dengan Sabah? Bukan ke Musang tidak aman kata ada 3 billion?

      Kerugian 20 juta oleh SAS dalam tahun 2011 bukan dari 2007 hingga 2010. Siapa buat fitnah semua rakyat Sabah tahu. Tidak payah kaki pengampu UMNOG sibuk melindungi ketua rasuah Musang!

      Delete
  29. UMNO makan rasuah .. semua rahsia sudah dibongkar! Good Job SAPP!

    ReplyDelete
  30. Kita cakap pasal saham jadi apa terjadi di Amerika akan mempengaruhi dunia saham keseluruhannya dan tidak ada kena mengena dengan wang $3 billion kerajaan ada.

    Kerugian pada 2011 adalah berkenaan operasi syarikat sebelum 2011.

    Nampak betul pengomen tidak ada belajar ekonomi atau akaun dalam sekolah atau Universiti.Dia suka bla bla saja dan memalukan diri sendiri.

    ReplyDelete
  31. AnonymousMar 14, 2012 10:53 AM

    "Kita cakap pasal saham jadi apa terjadi di Amerika akan mempengaruhi dunia saham keseluruhannya dan tidak ada kena mengena dengan wang $3 billion kerajaan ada."
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    Apa kena mengena Saham Amerika dengan Amanah Saham Sabah? Jika kamu kata masalah kewangan Asia dalam 1997 menyebabkan kejatuhkan saham Sabah. Aku ler percaya.

    Kenapa tidak kena-mengena dengan 3 billion musang yang tembirang? Bukan ke Musang sudah menaruh 200 juta lagi ke dalam SAS. Dimana semua duit itu?


    "Kerugian pada 2011 adalah berkenaan operasi syarikat sebelum 2011."
    ------------------------------------------------------------------------

    Jika berlaku masalah dari 2007 ke 2010 di amerika, kenapa SAS tidak rugi dalam 2010? Kenapa rugi dalam 2011?

    Kamu ini sekolah di sepilok sama orang utan ke? Kamu macam orang yang bodoh dan tak tahu pasal saham langsung. kAMU hanya kasih bodoh bos kamu musang yang bayar gaji buta sama manusia macam kamu nie kerja dalam SAS yang bikin rosak SAS.

    ReplyDelete
  32. Penyokong SAPPI ni memang LOL.Turun naik nya saham dunia memang ada kena mengena dengan saham Amerika tapi penyokong SAPPI ini tidak tau langsung.Badukang punya SAPPI.SAS rugi masa ketua SAPPI jadi KM tidak sebut.Badukang punya SAPPI.

    ReplyDelete
  33. AnonymousMar 15, 2012 09:36 AM

    Penyokong SAPPI ni memang LOL.Turun naik nya saham dunia memang ada kena mengena dengan saham Amerika tapi penyokong SAPPI ini tidak tau langsung.Badukang punya SAPPI.SAS rugi masa ketua SAPPI jadi KM tidak sebut.Badukang punya SAPPI.
    ------------------------------------------------------------------------

    Aku pelabur SAS dan ape yang aku tahu semua unit trust aku labur mendapat keuntungan yang lumayan tetapi aku kalah dalam SAS.

    Aku mahu memberi tahu umno, jika tidak pandai mengurus SAS, berundurlah diri. Kamu orang makan gaji buta dan bikin semak saja!

    ReplyDelete
  34. and you should also explain the loss of sas during ytl tenure as cm of sabah.. try to explain it without blaming others..

    ReplyDelete
  35. headhunterMar 16, 2012 08:58 PM

    and you should also explain the loss of sas during ytl tenure as cm of sabah.. try to explain it without blaming others..
    ------------------------------------------------------------------

    According to Securities Commission of Malaysia Unit Trust Constitutions article 3.11, all the buying and selling of share only can be approved by Chairman of SAS. Who is the chairman of SAS in 1997? Everyone knew is Datuk Salleh. What is got to do with YTL, Head hunter?

    Why UMNO Datuk Salleh keep quiet on this since he was SAS CHAIRMAN?

    Even though a small time investor like me also knew who was the real culprit if not UMNO thief?

    Please STOP fooling around with the SMART Sabahans and only to make yourself like a FOOL here, head hunter!

    ReplyDelete
  36. Headhunter is right.YTL was the CM and therefore must accept the blame and responsibility without blaming others.Shirking from his responsibility as CM looks bad.Blaming others is worst.YTL shouldn't be the CM anyway and that's the terrible mistake UMNO made,that is,putting a highly incompetent man as the CM.

    Only the fools in SAPP still think YTL was not responsible.No need to shoeshine YTL lah because SAPP will be finished and close shop after GE13.

    ReplyDelete
  37. You were totally wrong Anak Petagas, Unit Trust is regulated by Securities Commission of Malaysia and every unit trust in Malaysia need to follow and adhere the Unit Trust Constitution whereby only SAS chairman could approve to buy or sell of SAS share.

    Former Sabah CM does not has the authority at all.

    Salleh was former SAS chairman and why he keep quiet on this? He should reveal all the SAS documents that he had signed and what share he bought and disposed. What UMNO so afraid to reveal the truth to the public beside slandering against Yong with only forged tongue?

    It's proof how pathetic and incompetent of UMNO government which is sux big time. What a shame on such stupid UMNO government running by a bunch of monkey!

    ReplyDelete
  38. when Yong Teck Lee was Sabah Chief Minister, he is the one who approved a share swap deal..

    Let us give Yong Teck Lee the best gift of his political career. Let us send him back packing to Likas. because that will be where he will be most of the time. let us tell Yong Teck Lee that we do not condone what he did when he was Chief Minister. he will not be able to return what was stolen from us, but at least we can tell him what we think of him by rejecting him in the next GE..

    ReplyDelete
  39. If Yong is approved. Why musang bin tidak aman never show the proof except slandering from BN crooks bad mouth like you? Why so afraid to issue White Paper to reveal the truth?

    The fact is UMNO crooks making a MEGA loss of 20 Million in SAS 2011.

    ReplyDelete
  40. Let us vote BN crooks out from Sabah in this Election! BN are USELESS!

    ReplyDelete
  41. even YTL unable to prove himself for not involved in the share swap.. all he can do is, blame other for his mistake and weakness..

    ReplyDelete
  42. It seems like UMNO's dog PBS is slandering against YTL who can't even provide proof and yet rejected the WHITE PAPER which is the best way to reveal the truth who was the main culprit beside the SAS Fiasco. Who are UMNO's dog PBS trying to cover and protecting by putting the blame on YTL?

    I believe the people are not stupid Mr. Slanderer @ UMNO's dog @ PBS!

    ReplyDelete
  43. yeah.. people are not stupid.. that's why YTL rejected by the people in Batu Sapi..

    ReplyDelete