RHB Raise Sime Prop Target Price to RM0.93

Maintain BUY, with new TP of MYR0.93 from MYR0.67, 35% upside and
c.3% yield. 2Q23 earnings missed expectations, but we note that 2H is
typically stronger. With 1H property sales at MYR1.5bn, management
raised its sales target to MYR2.7bn (from MYR2.3bn). This is still
conservative, in our opinion, considering current bookings worth MYR1.9bn
to be (partially) converted to contractual sales in 2H. We raise our TP to
reflect better market sentiment ahead, given the lifting of the political
overhang post state elections.

China’s Country Garden says US$100 bil Forest City project in Johor on track

KUALA LUMPUR/HONG KONG (Aug 28): Embattled Chinese developer Country Garden said on Monday (Aug 28) that its US$100-billion Forest City project in Johor, Malaysia was proceeding as planned and it had sufficient assets, despite concerns over its financial strength.

“Our company’s projects in Malaysia are operating normally and the sales performance is strong,” the developer’s Singaporean and Malaysian unit said in a statement, adding that its overall operation in the region was “safe and stable”.

https://theedgemalaysia.com/node/680381

33 sen dividend ! Share price 70 sen. First time saw dividend yield almost 50%.

https://theedgemalaysia.com/node/680039

I anticipate exceptional earnings this week

RHB just upgraded the Target Price to 92 sen from 70 sen previously

Scientex partners Sime Darby Beyond Auto to promote EV adoption

KUALA LUMPUR (Aug 16): Scientex Bhd plans to establish electric vehicle (EV) charging stations at selected locations within its housing developments in Malaysia.

https://theedgemalaysia.com/node/678931

CGS-CIMB said cement industry's prospects will look brighter post the fourth quarter of calendar year 2023 once there is clarity on the MRT3, Bayan Lepas Light Rail Transit and HSR, which have a combined value of circa RM90 billion.

https://www.edgeprop.my/content/1906899/malayan-cement-key-beneficiary-hsr-and-mrt3-says-cgs-cimb

Hume Industries will also benefit because it produce cement like Malayan Cement

Hume Cement shares up 24% after 3Q net profit jumps 14-folds

HUME Cement Industries Bhd stock price surged 24% to RM1.19 with close to 4.3 million shares exchanging hands this morning, after third-quarter net profit jumps 14-folds to RM20.71 million.

https://themalaysianreserve.com/2023/05/17/hume-cement-shares-up-24-after-3q-net-profit-jumps-14-folds/

Scientex buys land in Johor Bahru city centre to build 12,000 affordable homes

Scientex has a lot of landbank in Johor too.

https://www.nst.com.my/business/2023/07/927665/scientex-buys-land-johor-bahru-city-centre-build-12000-affordable-homes

Perth property market predictions
Westpac has projected an annual price growth of 8.0% in Perth’s property market in 2023, followed by an additional 8.0% in the next year.

Supply issues, however, remain a challenge, with property listings on REIWA‘s website falling to a 13-year low this June.

https://thepropertytribune.com.au/market-insights/perth-house-prices-forecast-to-grow-by-8-next-year-and-population-set-to-grow/

Sunway is investing another RM169 million more in Iskandar

https://www.thestar.com.my/business/business-news/2023/08/14/sunway039s-unit-inks-share-transactions-agreement-with-iasb-and-sidsb

That means Johor property market is really positive, because Sunway won't simply spend money !

Hup Seng Industries reports over 2-fold profit jump in 2Q

Hup Seng Industries Bhd will focus on maintaining its market share and product competitiveness in order to increase the popularity of Hup Seng biscuits in the industry.

The food and beverage company expects the biscuits market to grow as it is a popular and alternative staple food.

“The group envisages that the industry is poised to continue to grow and evolve to meet the changing demands of consumers and will strive to continue to maintain and improve product quality,” it said in the notes accompanying its financial results.

https://www.thestar.com.my/business/business-news/2023/08/09/hup-seng-industries-reports-over-2-fold-profit-jump-in-2q

AirAsia ramps up flights to China amid surge in travel demand

AirAsia Malaysia (AK) is set to resume Kota Kinabalu-Hangzhou starting 2 September
AirAsia X Malaysia (D7) will increase Kuala Lumpur to Beijing (Daxing) to five flights weekly beginning 1 September; to Shanghai seven flights weekly commencing 15 September; to Hangzhou four flights weekly starting 30 September

https://newsroom.airasia.com/news/airasia-ramps-up-flights-to-china-amid-surge-in-travel-demand

Earnings for Hong Kong’s Cathay Pacific soar to HK$4.3 billion in first half of 2023

Hong Kong’s Cathay Pacific Airways has reported a net profit of HK$4.26 billion (US$546 million) for the first half of 2023, its first in three years as the city’s flagship carrier moves past the impact of the Covid-19 pandemic in an improving business environment.
The figures released on Wednesday represented a turnaround in performance for the airline and prompted Cathay to announce that it planned to buy back company shares held by the Hong Kong government and purchase up to 32 Airbus aircraft.
“We’ve been cash generative for the whole of 2023 and we’re extremely pleased with the performance year to date. We expect to continue to see a solid performance throughout the rest of the year,” Cathay Pacific Group chairman Patrick Healy said.

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3230465/earnings-hong-kongs-cathay-pacific-soar-hk426-billion-first-half-2023-marking-first-profit-3-years

Canadian low-cost airline, Flair Airlines' Strong Performance Continues In July

Flair Airlines continues to have an incredible summer, boasting higher on-time performance than most Canadian airlines and very high load factors. The Canadian low-cost carrier flew almost half a million passengers in July.

https://simpleflying.com/flair-airlines-strong-performance-continues-july-2023/

Hong Kong-based international airline, Cathay Is Bullish on Prospects as Profit Soars to 13-Year High

Airline plans to redeem full government stake within a year

Cathay intends to buy up to 32 Airbus aircraft before October

https://www.bloomberg.com/news/articles/2023-08-09/cathay-pacific-s-profit-surges-to-550-million-in-wake-of-crisis

Air passenger traffic up 31% in June 2023 - IATA

https://www.thestar.com.my/business/business-news/2023/08/09/air-passenger-traffic-up-31-in-june-2023---iata

Total air passenger traffic in June 2023 grew by 31 pct year-on-year (y-o-y) as the post-Covid recovery momentum continued, reaching 94.2 per cent of the pre-pandemic levels, said the International Air Transport Association (IATA).

American ultra-low-cost airline Allegiant Reports Its Highest Quarterly Operating Revenue Ever

Allegiant Air posted a stunning profit of $88.5 million for Q2, thanks to robust leisure demand and network expansions.

Operating profits increased by 411.1%, and revenues substantially increased to $683.8 million, the highest in the airline's history.

The airline remains focused on labor contracts and solidifying operations, with new routes added and the arrival of its first Boeing 737 MAX expected later this year.

https://simpleflying.com/allegiant-highest-quarterly-operating-revenue-ever/

SIA Group reports record QT profit

SINGAPORE, 7 August 2023: The SIA Group posted a net profit of $734 million in the first three months of FY2023/24, the highest quarterly performance in its history, as the airline reports travel demand driving record load factors.

Near-term forward passenger bookings remained robust on the back of solid demand for air travel through the mid-year school holidays and the start of the summer travel season.

https://www.ttrweekly.com/site/2023/08/sia-group-reports-record-qt-profit/

Japan Airlines Group Reports First Net Profit In Four Years

Japan Airlines Group (JAL Group) reported positive earnings before interest and tax (EBIT) and net profit in the first quarter of FY23Q1.

The group's operating profit was 31.3 billion yen ($219 million), with a net profit of 23 billion yen ($161 million), and revenue increased by 42% compared to last year's first quarter.

JAL Group's domestic traffic has returned to 100% of pre-pandemic levels, and its low-cost carrier ZIPAIR experienced significant growth in passenger numbers and revenue.

https://simpleflying.com/japan-airlines-group-first-net-profit-four-years/

India’s low cost airline, IndiGo Reports Its Highest-Ever Quarterly Net Profit of $373 million

IndiGo has reported its highest-ever quarterly profit of almost ₹31 billion ($373 million) for Q1, a massive shift from last year's net loss of ₹10 billion ($128 million) for the corresponding period.

Factors contributing to IndiGo's success include increased scale of operations, lower fuel costs, and favorable foreign currency movement, resulting in a 30% year-on-year increase in revenue.

IndiGo added 12 passenger aircraft in the last quarter and had a 63.2% market share by June end.

https://simpleflying.com/indigo-highest-ever-quarterly-net-profit/

Mexican low-cost airline, Viva Aerobus Records $24 Million Net Profit In Q2

Viva Aerobus had a strong second quarter, with a 25.4% increase in operating revenue and a $24 million net income, driven by higher demand in domestic and international markets.

The airline's performance in the first half of 2023 exceeded the total revenue of the entire year of 2019, thanks to effective revenue streams and low fares to stimulate demand.

https://simpleflying.com/viva-aerobus-24-million-profit-q2/

Record Month: Ryanair Carries 1.3 Million More Passengers Than Ever Before

Over 18.7 million passengers were carried by the low-cost carrier during July, smashing its previous monthly record set in June.

August is predicted to be just as busy for Ryanair, with poor weather in the UK and Ireland prompting last-minute vacations.

https://simpleflying.com/ryanair-record-passengers-july-2023/

Finnish airline Finnair swings to profit in Q2 as demand recovers

HELSINKI, July 21 (Reuters) - Finland's national carrier Finnair reported on Friday a swing to profit in the second quarter helped by recovering demand.

Comparable operating profit was 66.2 million euros ($73.7 million) against a year-earlier loss of 84.2 million euros.

https://www.marketscreener.com/quote/stock/FINNAIR-OYJ-1412456/news/Finnish-airline-Finnair-swings-to-profit-in-Q2-as-demand-recovers-44385771/

It is very likely that AAX earnings will be much better when the news is announced in 3 weeks time !

British Airways owner IAG and Air France-KLM report record profits

Airline earnings boosted by soaring demand for travel, higher fares and continued recovery from Covid-19 crisis

https://www.ft.com/content/bf5d9815-2251-4739-b9f1-1838e30fc981

When earnings for airlines around the world hit record profit, what do you think AAX profit will be when it is out in 3 weeks time?

Air France - KLM registered RECORD operating profit

1. Air France-KLM Group achieved its highest-ever operating profit margin of 9.6% in Q2 2023, driven by increased passenger volumes and reduced fuel costs.

2. Revenues climbed by 14.1% to €7.62 billion ($8.38bn) in Q2, while fuel costs fell by 11%, contributing to record figures.

3. The group's net debt decreased to €4.9 billion ($5.4bn) in Q2, down from €6.3 billion ($6.9bn) at the end of 2022, as the fleet returned to 95% of 2019 capacity levels.

https://simpleflying.com/air-france-klm-group-604-million-q2-net-income/

Absolutely fantastic news! Airlines' earnings are soaring to new heights all around the world! It's a delightful sign of progress and prosperity for the entire aviation industry!

AirAsia Malaysia and AirAsia X are cashing in on high demand from China by adding more aircraft and routes between the two countries - by Michael Doran

AirAsia X has made a remarkable recovery in the second quarter of 2023, carrying over 70 times more passengers compared to the same period last year.

The airline has expanded its operations and added more aircraft to meet the growing demand for flights, particularly to destinations in China.

https://simpleflying.com/airasia-x-returns-a330s-traffic-soars-china-routes/

Turnaround: Croatia Airlines Reports $1.87 Million H1 2023 Profit

Croatia Airlines has reported a net profit of €1.69 million for the first half of 2023, a significant improvement from last year's net loss of €21.8 million.
The airline saw a 39% increase in passengers compared to the first half of 2022, but still falls short of pre-pandemic levels in 2019.

https://simpleflying.com/croatia-airlines-187-million-h1-2023-profit/

Saudi Arabian low cost airline operator (flynas) Reports 26% Surge In Passengers For 1st Half of 2023

https://simpleflying.com/flynas-increases-passengers-1st-half-2023/

Largest Japanese Airline (ANA) Reports 1st Q1 Operating Profit In 4 Years

All Nippon Airways (ANA) has recorded a profitable Q1 for the first time in four years thanks to a surge in passenger traffic both domestically and internationally.
The airline's international revenue almost tripled compared to last year, and domestic revenue was up by 40%.

https://simpleflying.com/ana-1st-q1-operating-profit-4-years/

Singapore Airlines achieved record profit.

Singapore Airlines Ltd. reported its biggest quarterly net income ever and said it expects demand for air travel on all routes to remain robust through the summer peak season as it expands capacity.

https://www.bloomberg.com/news/articles/2023-07-27/singapore-airlines-posts-record-quarterly-profit-with-98-jump

Singapore Airlines Group Post Record Quarterly Profit

https://airwaysmag.com/singapore-airline-record-profits/

Singapore Airlines one quarter made SGD734 million. In Ringgit, about RM2.5 billion.

Now AAX market cap about RM1.1 billion only.

I think might as well SG Airlines offer to buy 100% stake of AAX using 1 quarter of profit

I want to say something about Capital A extension as somehow people still think it will affect AirAsia X share price significantly.

PN17 or not does not matter anymore due to these reasons:

1. Airlines recovery is a global trend, when you buy AAX you are buying into this trend more than the PN17 status upliftment. Yesterday AAX limit up even though it is a PN17 company. How many normal (non-PN17) company can limit up? 99% of stocks listed never experience Limit Up. So who cares PN17 or not?

2. Capital A and AAX issues on PN17 are different. Capital A deep in negative equity. AAX already positive equity in its balance sheet, technically pass the PN17 criteria. Just the status issue haven't confirm.

Conclusion, given these 2 choices which one u prefer?

A. PN17 company (by the name only) with potential to double earnings this year and double again next year.

B. Non-PN17 which offers 5% earnings growth this year and another 5% next year.

Go figure out.

Singapore Air Posts Record Profit With Bumper Summer to Continue

https://www.bloomberg.com/news/articles/2023-07-27/singapore-airlines-posts-record-quarterly-profit-with-98-jump

American Airlines raises 2023 profit forecast after strong second quarter

https://www.cnbc.com/2023/07/20/american-airlines-aal-2q-2023-earnings.html

AirAsia using Airbus aircraft to launch new China routes

AirAsia Malaysia and AirAsia X are expanding routes to China from Kuala Lumpur and Kota Kinabalu using Airbus A320neos and A330s.

https://www.chinatravelnews.com/article/175136

Hawaiian Airlines Highlights Strong Demand On Leisure & Japanese Routes In Q2 Results

https://simpleflying.com/hawaian-airlines-q2-results-leisure-japanese-demand/

Hawaiian Airlines has announced strong results for the second quarter of this year. The carrier closed the latest term with unrestricted cash, cash equivalents, and short-term investments of $1.3 billion against its outstanding debt and finance lease obligations of $1.7 billion.

High demand, substantial passenger loads, and the launch of several new routes contributed to solid growth. The second quarter brought an 11% bump in capacity across Hawaiian's network, with international capacity increasing by 141.4%.

UEM Sunrise continues climb to three-year closing high of 54 sen

https://theedgemalaysia.com/node/676156

Finnair raises profit guidance after positive Q2

https://airinsight.com/finnair-raises-profit-guidance-after-positive-q2/

Australia Low Cost Carrier, Jetstar Adding 140 Pilots As New Airbus A321neos Keep Coming

https://simpleflying.com/jetstar-adding-140-pilots-new-airbus-a321neos/

Ryanair (Europe biggest airline) Sees Its Q1 Profits Quadruple After A Strong Easter

https://simpleflying.com/ryanair-q1-profits-quadruple/

Delta Air Lines CEO Ed Bastian on record Q2 earnings: Momentum has continued to build

Watch here:
https://www.cnbc.com/video/2023/07/13/delta-air-lines-ceo-ed-bastian-on-record-q2-earnings-momentum-has-continued-to-build.html

Foreigners have been buying UEMS non stop in the past one week, u better get some before it is too late.

Watch this video where United Airlines CEO said that aviation growth is a multi year thing. Also, do you know that their pilot just got 40% increment?

That means the demand is REALLY STRONG!

https://www.cnbc.com/video/2023/07/20/united-airlines-ceo-scott-kirby-on-record-earnings-we-think-its-a-multi-year-trajectory.html

United Airlines Q2 Earnings Beat Expectations, Raises Guidance

https://thecurrencyanalytics.com/stockmarket/united-airlines-q2-earnings-beat-expectations-raises-guidance-60031.php

Expect 2 catalysts to AAX:

1. Upliftment of PN17 - in 7 days from now (since the due date is 28-July)

2. Strong 2Q earnings - very likely to be profitable and increase equity shareholder amount in the balance sheet more. Means it is a solid uplift from PN17 won't go back again.

United Airlines has announced its second-quarter results with a three-fold increase in profit.

1. United Airlines reported impressive second-quarter results with a three-fold increase in profit, making over $14 billion in revenue and achieving a profit of more than $1 billion.

2. The rise in profit was attributed to a substantial increase in travel demand, especially for international destinations, despite facing flight disruptions at its hub in Newark Liberty International Airport.

3. United Airlines' operational performance and network enhancement contributed to its strong performance, with domestic margins returning to 2019 levels and international margins surpassing pre-pandemic levels. The airline flew the highest volume of revenue passengers since pre-pandemic and experienced significant growth in its MileagePlus program.

https://simpleflying.com/united-airlines-14-billion-operating-revenue-q2-2023/

EPF bought more...

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3370024

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
INARI AMERTRON BERHAD

Particulars of substantial Securities Holder
Name EMPLOYEES PROVIDENT FUND BOARD
Address 5th Floor, EPF Tower
No. 1, Persiaran Kwasa Utama
Shah Alam
40150 Selangor
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 13 Jul 2023
1,678,000
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fd Bd (CIMB Pri)
Address of registered holder Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition of shares
Nature of interest Direct Interest
Direct (units) 419,117,210
Direct (%) 11.228
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 419,117,210
Date of notice 14 Jul 2023
Date notice received by Listed Issuer 18 Jul 2023

Both NVIDIA and Inari are companies that are related to semiconductors in different ways.

NVIDIA is primarily known for its graphics processing units (GPUs) that are used in various applications, including gaming, artificial intelligence, data centers, and autonomous vehicles.

Inari is a company that manufactures electronic components, including semiconductors. While Inari's focus extends beyond semiconductors to include other components like antennas, they do produce semiconductors as a part of their product portfolio. These semiconductors can be used in various electronic devices and applications.

Both NVIDIA and Inari are involved in the semiconductor industry, but they have different areas of specialization and focus within that field. NVIDIA's main strength lies in GPU technology, while Inari's expertise encompasses a broader range of electronic components, including semiconductors.

Nvidia rises as Citi reiterates buy, boosts estimates on rising GPU demand

https://seekingalpha.com/news/3987966-nvidia-rises-citi-reiterates-buy-boosts-estimates-rising-gpu-demand

Both Nvidia and INARI business also related to semiconductors, so INARI is also beneficiary