Awantec to strengthen its synergistic offerings to drive growth
https://www.thestar.com.my/business/business-news/2024/05/07/awantec-to-strengthen-its-synergistic-offerings-to-drive-growth

Get the recent Farm Price presentation slides from BursaKakis Telegram Channel.

A total of 16,647 applications for 2,077,765,600 Issue Shares with a value of RM498,663,744.00 were received from the Malaysian public, which represents an
overall oversubscription rate of 91.35 times.

Apex Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 42 sen
https://theedgemalaysia.com/node/710053

How gold price movement influences pawnbroking activities

"For the first quarter of 2024, we observed that there were more customers patronising our pawnshops, leading to more pawn transactions. Also, we do observe the pawn amout per ticket has increased in value. This is attributed to the increase in the gold price for the past 12 months and customers are able to fetch a higher pawn price for each gram of gold jewellery," says Low Kai Loon, executive director of Bursa Malaysia-listed Evergreen Max Cash Capital Berhad (EMCC), which operates 27 pawnshops in the country.

The company, which derived 35.2% and 74% of its revenue and profits before tax (PBT) respectively from pawnbroking for its financial year ended 31 Dec, 2023 (FY2023), expects revenue from this segment to grow 20% this year.

EMCC says the rice in gold prices led to higher revenue and profitability from the sale of unredeemed pledges, as 99% of the pledges consisted of gold.

For EMCC, the sale of unredeemed gold pledges falls under the trading and retailing of gold and luxury products segment, which contributed 64.8% ans 27% to its total revenue and PBT respectively in FY2023.

Overall, for FY2024, EMCC is projecting revenue growth of 20% to 30%.

The Edge Malaysia, April 29, 2024

SNS Network aims to tap country’s data centre boom through new venture
https://theedgemalaysia.com/node/708956

FPHB exported about 25.5% or 29.1 million of their total sales to Singapore in FY2023 and this market delivers higher gross profit margins of 33.1%. FPHB proudly served Compass Group (Singapore) Pte Ltd for 8 years, a subsidiary of Fortune Global 500 Company listed on The London Stock Exchange, Compass Group Plc. FPHB to secure more customers in Singapore going forward, with the set-up of Sales and marketing office.

Malacca Securities sets Farm Price’s fair value at 85% premium ahead of IPO
https://www.thestar.com.my/business/business-news/2024/04/30/malacca-securities-sets-farm-prices-fair-value-at-85-premium-ahead-of-ipo

SNS Network aims to tap country's data centre boom through new venture.

Having identified artificial intelligence (AI) opportunities in Malaysia, SNS Network Technology Bhd expects a meaningful contribution from the newly ventured data centre fit-out business segment.

Besides selling AI super servers, the ICT systems and solutions provider is also involved in testing and commissioning as well as operation and management within the premises of data centres. In short, SNS fills the gap between server manufacturers and server buyers.

The group believes its financial performance will be lifted by the sale of AI servers based on selling price of RM1.5 million per unit and gross profit margin of 15%, which is higher than its existing core business' gross profit margin of about 5%.

"This is game changer for SNS, and it's a new playground. Generative AI is at the beginning of a supercycle," co-founder and managing director Ko Yun Hung tells The Edge in an interview.

With more data centres being set up in the country, especially in Johore, he believes there will be growing demand for AI super servers. "We are seeing a lot of potential from this, for the enterprise segment," he shares, noting that several tech firms have express interest in these servers.

The Edge 22042024

Main Market-bound Keyfield to gain from AWB market upcycle
https://www.thestar.com.my/business/business-news/2024/04/19/main-market-bound-keyfield-to-gain-from-awb-market-upcycle

WCE’s Raya traffic beats target
https://www.thestar.com.my/business/business-news/2024/04/19/wces-raya-traffic-beats-target

Keyfield International’s 4Q net profit surges 72% ahead of Main Market listing
https://theedgemalaysia.com/node/708241

Alpha IVF makes RM13.6 mil net profit in 3Q, sees rising demand for fertility solutions amid resurgence in medical tourism
https://theedgemalaysia.com/node/708156

Ibraco Launches New Project In PJ South
https://www.businesstoday.com.my/2024/04/16/ibraco-launches-new-project-in-pj-south/

Rakuten Trade expects SNS Network's FY24-FY27F earnings to grow at CAGR of 39%
https://theedgemalaysia.com/node/707871

@ cheated......kindly refer to WCE announcement on 2 April 2024 as reported by The Star newspaper.


Currently, average daily traffic on the WCE is over 70,000 vehicles.

The number is expected to rise to 150,000 vehicles daily during the Hari Raya Aidilfitri peak holiday season.

Upon full completion, WCE’s projection is over 350,000 vehicles per day.

Concern over rubber supply shortage boosts SMR 20 price
https://www.thestar.com.my/business/business-news/2024/04/08/concern-over-rubber-supply-shortage-boosts-smr-20-price

Bullish PublicInvest Research gives vessel owner Keyfield RM1.19 premium over IPO price
https://focusmalaysia.my/bullish-publicinvest-research-gives-vessel-owner-keyfield-rm1-19-premium-over-ipo-price/

Upon full completion, WCE’s projection is over 350,000 vehicles per day.

B2C grew exponentially in FY2023

Get 1st hand news on AI presentation by SNS in BursaKakis Telegram Channel posted on 3/4/2024.

Cape EMS working to regain investor confidence
https://theedgemalaysia.com/node/704942

Avaland tops out Aetas Damansara at Persiaran Tropicana
https://theedgemalaysia.com/node/706020

Based on TDM's market cap of RM430.89 million and KMI Healthcare's valuation of about RM365 million, this would mean the market has ascribed only RM65.89 million for the plantation segment. At an EV/Ebitda of eight times, the plantation business is almost free - The Edge Weekly 25/3/2024

Rakuten Trade Ideas [22/3/2024 8:05 AM]

Alpha IVF Group Bhd (0303) fertility care specialist and one of the largest listing on the ACE Market of Bursa Malaysia today.

Oversubscribed by 2.73x at an IPO price of RM0.32 with a market capitalisation of RM1.55 billion.

It is raising RM116.6 million from this listing exercise - business expansion, setting up new in vitro fertilisation (IVF) centres, satelite clinics, sales offices and upgrading of existing specialist centres, facilities and offices.

It has attracted eight cornerstone investors namely; abrdn Malaysia, AHAM Asset Management, AIA Bhd, Eastspring Investments Bhd, Hong Leong Asset Management Bhd, Kenanga Investors Bhd, Lion Global Investors Ltd, and Value Partners Hong Kong Ltd.

Alpha IVF group managing director Datuk Dr Colin Lee Soon Soo said their 2QFY2024 financial performance highlights the group’s ability to ride the wave of medical tourism and growing need for IVF treatments.

It reported a net profit of RM12.21 million and RM38.54 million in revenue for 2QFY24. For the cumulative six months ended Nov 30, 2023, Alpha IVF posted a net profit of RM25.34 million, on the back of revenue of RM80.14 million.

RHB Investment Bank, Public Investment Bank, Mercury Securities, TA Securites and Rakuten Trade have given a target prices of between RM0.28 - RM0.40

There will always be trading opportunities on listing day.

In case you missed it, watch the video HERE (https://youtu.be/d1gJLtJu0bE?si=OcQwwwE5rSv5YXW0) to get insights.

Rakuten Trade values ACE Market-bound Alpha IVF at 34 sen
https://theedgemalaysia.com/node/705554

Surging The Power Distribution Industry, MSSB Projects Positive Growth For Powerwell
https://www.businesstoday.com.my/2024/03/20/surging-the-power-distribution-industry-mssb-projects-positive-growth-for-powerwell/

Solid order book to buoy ITMAX earnings potential
https://www.thestar.com.my/business/business-news/2024/03/20/solid-order-book-to-buoy-itmax-earnings-potential

Spillover effects from Sarawak KUTS job
https://www.thestar.com.my/business/business-news/2024/03/19/spillover-effects-from-sarawak-kuts-job

Avaland Revenue Visibility Clear With Sizeable Project Launches
https://www.businesstoday.com.my/2024/03/14/avaland-revenue-visibility-clear-with-sizeable-project-launches/

Avaland tops out Casa Embun Phase 1 in Cybersouth
https://www.edgeprop.my/content/1908811/avaland-tops-out-casa-embun-phase-1-cybersouth

Prolintas briefing saying commercial vehicles paying triple the rates.

Genting's 20%-owned TauRx says new data on Alzheimer's drug show sustained benefits
https://theedgemalaysia.com/node/703916

Cabinet has approved construction of West Ipoh Span Expressway, says Perak MB.
https://theedgemalaysia.com/node/693906

WISE, at 60km in length and a cost of RM5.75 billion, it works out to about RM90 million per km

PNB values four highways at RM1.05 bil for trust IPO, expects 6.7% yield ( IPO price 0.95 cts). Cost of constructing WCE highway exceeded RM8bil.
https://theedgemalaysia.com/node/703624

Prolintas BT

Total 4 Highways mainline length - 84 km
Remaining tenure of concession - 3 Highways about 38 yrs, 1 Highway about 13 yrs
Annual Average Daily Traffic in FYE 2023 - 458,800 vehicles
Toll collection revenue in FYE 2023 - 294.8 million

Section 11

WCE project is crucial as it is a strategic route to expand the transport network, not only between cities and districts, but also to connect Perak to economic growth centres — starting with Port Klang, Lumut Port and Penang Port.

This route is also important because it is a catalyst for Perak’s plan to drive socio-economic growth along the west coast and transform Perak’s tourism landscape by facilitating access to strategic destinations, in line with the Visit Perak Year 2024 campaign.

“When it opens later, road users will have alternative routes to existing roads, to areas on the west coast of Perak, such as Teluk Intan, Manjung, Pulau Pangkor, Beruas, Trong, Changkat Jering and Taiping,” he added.

It also gives users the option to skip the Menora Tunnel on the NSE, which is an accident-prone area. The congestion on the NSE could also flow some traffic onto this highway.

SMRT's venture could lead to bigger things in Philippines
https://www.thestar.com.my/business/business-news/2024/03/05/smrt039s-venture-could-lead-to-bigger-things-in-philippines

SMRT makes inroads into Philippines via managed ATM infrastructure deal
https://thesun.my/business/smrt-makes-inroads-into-philippines-via-managed-atm-infrastructure-deal-NF12175190

Pito AxM Platform Inc. (PAPI), a wholly owned subsidiary of Seven Bank and PSC, aims to cover more than 3,000 7-Eleven stores nationwide by the end of 2023.
https://www.philstar.com/business/2023/06/18/2274593/seven-bank-7-eleven-partner-install-more-atms-nationwide

SMRT lands ATM infrastructure project in the Philippines
https://theedgemalaysia.com/node/703321

Prospects and Outlook for the Current Financial Year

The global economy would continue to face challenges and uncertainty with the business environment of the
geopolitical tension in Middle East that may impact the global growth. The Group will monitor the US Monetary
Policy to the exposure on foreign exchange movements on a regular basis for our management's assessment on
the need to utilise financial instruments to hedge such currency exposure. The Board is optimistic of the prospects
to provide a sustainable and strong positive result for financial year ending 30 June 2024.

Following the completion of increasing production hours in all the three factories by adding a second working shift, thus increasing our production hours from 12 hours a day to 18 hours a day. Therefore, our total annual capacity is expected to increase to approximately 190,000 MTS in financial year 2024 compared with approximately 166,000 MTS in financial year 2023. The Group continues to capture on the increasing demand from markets of China and India which are the largest world consumers of natural rubber driven by the growth of their automotive industries.

The installation of the Biomass System to generate gas from wood chips as a fuel source for our dryer system is
aiming towards cost-saving by replacing the consumption of diesel; however, there is further fine-tuning required
by the vendor after the commissioning. This initiative will not only result in substantial cost savings in diesel
consumption and carbon footprint deduction but also demonstrates our commitment to compliances of ESG
requirements and in the long-run achieving sustainability objective.

In cognizant of the significance of sustainability in generating long-term value for the businesses and stakeholders
and as part of the growth strategies, Syarikat Tenaga (Gemas) Sdn Bhd, a wholly-owned subsidiary of the
Company has entered into the sales contract with Guangdong Ruobo Intelligent Robot Co Ltd from China on 1
December 2023 to purchase the Smart Rubber Manufacturing Equipment at a purchase price of
RMB10,430,000.00 (Renminbi Ten Million Four Hundred and Thirty Thousand) or equivalent to approximately
RM6,779,500.00 (Ringgit Malaysia Six Million Seven Hundred Seventy Nine Thousand Five Hundred). Such
installation would take place in Factory 2 first; this is in line with the adoption of Industry 4.0 towards automation
in manufacturing processes which is to further enhance production efficiency and achieve cost-efficiency as well
as reduce reliance on foreign workers.

Q2 Dec 23 Report dd 23022024

Blockchain platform lifts MyEG 4Q net profit by double, proposes 1.68 sen final dividend
https://theedgemalaysia.com/node/702771

Section 11 of West Coast Expressway at 99.33% completion, says Perak MB
https://theedgemalaysia.com/node/702694

Key highlights:
• Toll concession segment has demonstrated a significant 25% quarter-on-quarter
improvement
• Opening of Section 6 (Bandar Bukit Raja Utara – Assam Jawa) on 21 November
2023
• Achieved 140,000 vehicles daily during the recent Christmas festive holidays
• Target to open Section 11 (Beruas – Taiping Selatan) soon, followed by another
two more sections in 4Q FY2024

Daily vehicles using the highway will explode upon opening of Section 11.

Q4 Dec 23 EPS 7.65 cts

For current quarter under review, the Group’s revenue decreased for approximately 3.47%
or RM3.93 million, from RM113.35 in the immediate preceding quarter million to RM109.42
million for the current quarter. This was mainly due to significantly lower volume of eggs
sold.

The Group reported profit before taxation of RM30.06 million for the current quarter as
compared to RM7.51 million in the immediate preceding quarter. The considerable improved
pre-tax profit of RM22.55 million or 300.32% was mainly due to lower feed costs and
outstanding subsidies received from the Government during the current quarter under
review as compare to the immediate preceding quarter.

PPJACK eps 0.66 share price 1.01, EMCC eps 0.60 share price 0.435 - 27022024

Avaland may extend uptrend, says RHB Retail Research
https://theedgemalaysia.com/node/702456

ITMAX Records Full Year Growth Of 55.7% On PATAMI Of RM63.3 Million, Dividend 1.2 Sen Declared
https://www.businesstoday.com.my/2024/02/26/itmax-records-full-year-growth-of-55-7-on-patami-of-rm63-3-million-dividend-1-2-sen-declared/

Egg producer Lay Hong's 3Q net profit jumps nearly eight times as govt subsidies help
https://theedgemalaysia.com/node/702317