ChatGPT concluded the water required for 200MW DC w AI chips using some calculation fr electricty/water effectiveness. I'm not sure how accurate or good is this.

"A 200MW data center with AI chips, assuming a WUE of 0.5 L/kWh, would consume approximately 876 million liters (or 876,000 cubic meters) of water annually. This estimate can vary depending on the specific cooling technology and efficiency measures in place."

wa lau, RANHILL share dropped like waterfall.

https://www.businesstoday.com.my/2024/05/28/ytl-power-to-acquire-31-stake-in-ranhill-for-rm405-million/

HLIB Report:

A strong start
MBMR reported core PATMI RM80.3m for 1QFY24 (-15.6% QoQ; +0.4% YoY), above HLIB’s expectation (32.4%) and consensus (31.9%). We expect MBMR to continue leveraging on strong Perodua sales in the coming quarters as Perodua’s management guided for sales target to sustain at 330k units in 2024 (vs 330.3k units in 2023), driven by higher order backlogs and new launches. Proposed a final dividend of 15 sen/share for FY23. Maintain BUY on MBMR with a higher TP of RM6.50 (from RM5.40) based on 10% discount to SOP of RM7.18. MBMR offers dividend yield of 4.8% for FY24-26 with potential special dividend payout.

Above expectations.
MBMR reported a strong start 1QFY24 with PATMI of RM80.3m (-15.6% QoQ; +0.4% YoY). We deem the result above HLIB’s forecast (32.4%) and consensus (31.9%), mainly driven by the strong demand for Perodua cars. Marginal EI losses of RM30k were excluded in 1QFY24, mainly attributed to allowance for slow moving inventory and forex losses, offset by the reversal of expected credit loss.

Dividend. Proposed a final dividend of 15 sen/share for FY23.

QoQ.
Reported -15.6% lower core PATMI in 1QFY24 at RM80.3m, in line with industry movement as OEMs accelerated productions and deliveries in 4Q while 1Q was affected by shorter working period and lower starting inventory levels (as reflected by the drop in revenue).

YoY.
Despite the higher revenue, core PATMI remained flattish (+0.4%), due to deteriorated sales model mix to lower margin Perodua cars (with MI) from higher margins Volvo and Volkswagen (both wholly owned), as well as weaker contribution from Manufacturing segment (as the group recognized lump sum cost recovery SPLY). Contributions from associates were also relatively flattish.

Outlook.
The group will leverage on Perodua’s strong order backlog of +120k units with continued robust new order flows in the coming quarters. Perodua’s management has indicated its target for sales volume to sustain at 330k units in 2024 (similar to 330.3k units in 2023). Perodua is also expected to launch a B-segment SUV and another facelift/replacement model in 2024 and a BEV model in 2025. Management remained cautiously optimistic on the group’s outlook, bearing in mind potential challenges from the high USD/MYR, global macroeconomic and geopolitical headwinds, as well as the potential fuel subsidy rationalization effect.

Forecast.
Raised FY24 forecasts by 4.8% and FY25 by 0.2%. We also introduced FY26 forecast earnings at RM278.5m.

Maintain BUY, TP: RM6.50.
Maintain BUY on MBMR with a higher TP of RM6.50 based on 10% discount to SOP (RM7.18). MBMR is in strong net cash position (55.2 sen/share) with sustaining earnings and cash flow, by leveraging onto the strong demand for Perodua models. MBMR offers dividend yield of 4.8% for FY24-26 with potential special dividend payout. We believe Perodua will be less subjected to increasing market competition driven by the emergence of Chinese OEMs and new EV introductions.
13501450155016502.53.03.54.04.55.05.56.0May-23Aug-23Nov-23Feb-24May-24Pts(RM)MBM (LHS)KLCI (RHS)

HLIB Research report requested:

Even stronger years ahead
YTLP reported a strong core PATMI of RM723.9m for 3QFY24 (-14.9% QoQ, +51.5 YoY) and RM2.5bn for 9MFY24 (+160.4% YoY), within HLIB’s FY24 forecast (75%), but above consensus (80%), mainly driven by the sustained SG PowerSeraya contributions. We expect stronger 4QFY24 earnings, driven by turnaround of Wessex. Further earnings growth in FY25-26 will be driven by Wessex and DC/AI-DC. Management has guided good progress on the development of DC/AI-DC. Maintain BUY with a higher TP of RM7.45 (from RM5.55) based on 10% discount to FD SOP of RM8.26.

Within expectations.
YTLP reported core PATMI of RM723.9m in 3QFY24 (-14.9% QoQ, +51.5% YoY), further boosting 9MFY24 to RM2.5bn (+160.4% YoY). We deem the results within HLIB FY24 expectation (74.6%), but above consensus (80.3%), mainly driven by the sustained strong contribution from SG PowerSeraya. For 9MFY24, net EIs of -RM92.6m were mainly due to provisions, write-offs and impairments for inventories, receivables and PPEs.

Dividend.
Declared a first interim dividend of 3 sen/share (ex-date: 11 Jun 2024).

QoQ.
Core PATMI declined by -14.9% QoQ to RM723.9m, mainly due to lower SG PowerSeraya contribution on lower margins for both pool and retail markets as well as larger losses from YesCom on lower project revenue. UK Wessex remained in the red, affected by inflationary cost pressure, but is expected to turnaround next quarter. There was also ESOS expense of RM10m (non-cash) during the quarter.

YoY & YTD.
Core PATMI improved by +51.5% YoY and 160.4% YTD (to RM2.5bn), driven by the substantially stronger contribution from PowerSeraya (on improved retail price and margin) and maiden contribution from Attarat since 1QFY24, which were partially offset by losses from Wessex (on higher operating cost structure and finance costs due to inflationary pressures).

Outlook.
Given the recent heatwave phenomenon, we expect stronger demand for power and pool prices in Singapore, benefiting PowerSeraya in 4QFY24 (similar to the occurrence in 4QFY23). Attarat continued to deliver strong contributions of RM86m in 3QFY24. We expect Attarat’s earnings to gradually improve as the associate pares down external loans (RM5.7bn as of end FY23) over the next 8 years (until 2032). Wessex will be reporting a turnaround in 4QFY24 due to the effective 12% tariff hike in Apr-24 and the subsiding impact from UK’s inflationary index. Wessex is also due to enter into a new regulatory period (2025-2030), which will provide higher allowable returns with higher asset base. YesCom is commencing on Sabah projects, which will improve its P&L in the near term, while progressing on AI-DC (total 100MW), commencing in phases starting end-2024/early-2025. The construction of YTL-DC is also progressing on schedule, with phase 1 for Sea Limited commenced operations in May-2024. Another 2 DCs (total 100MW) are under construction and expected to complete by end-2024. Earnings from DC/AI-DC is expected to be substantial from FY25 onwards and the group has a strong advantage as NVidia’s preferred partner in Malaysia for AI-Could service provider vs other DC owners (difficult and costly to convert a conventional DC to an AI-DC infrastructure).

Forecast.
Raised forecasts for FY25 by 5.2% and FY26 by 16.4% as we incorporate earnings contribution from DC and AI DC.

Maintain BUY, TP: RM7.45.
We reiterate our BUY recommendation, with a higher TP: RM7.45 (from RM5.55), based on 10% discount to FD SOP: RM8.28, as we believe the current PE valuation remains undemanding (vs Tenaga and PGas) with potential dividend upside. Upcoming earnings will be further boosted by Wessex’s turnaround and maiden DC/AI-DC contributions.

https://www.thestar.com.my/business/business-news/2024/05/27/kip-reit-to-acquire-dpulze-shopping-centre-for-rm320mil

"The exercise will be funded by a combination of bank borrowings and proceeds to be raised from a proposed placement of up to 180 million new shares in KIP REIT to raise up to RM146.70 million, and a proposed placement of up to 15 million units to major shareholder Datuk Ong Kook Liong, and/or persons connected with him.

"The actual issue price for the placement units will be determined later and may be higher or lower than the illustrative issue price of 81.5 sen per unit," it added."

What will be the impact to the current share price?

HLIB:
"Outlook.
Given the recent heatwave phenomenon, we expect stronger demand for power and pool prices in Singapore, benefiting PowerSeraya in 4QFY24 (similar to the occurrence in 4QFY23). Attarat continued to deliver strong contributions of RM86m in 3QFY24. We expect Attarat’s earnings to gradually improve as the associate pares down external loans (RM5.7bn as of end FY23) over the next 8 years (until 2032). Wessex will be reporting a turnaround in 4QFY24 due to the effective 12% tariff hike in Apr-24 and the subsiding impact from UK’s inflationary index. Wessex is also due to enter into a new regulatory period (2025-2030), which will provide higher allowable returns with higher asset base. YesCom is commencing on Sabah projects, which will improve its P&L in the near term, while progressing on AI-DC (total 100MW), commencing in phases starting end-2024/early-2025. The construction of YTL-DC is also progressing on schedule, with phase 1 for Sea Limited commenced operations in May-2024. Another 2 DCs (total 100MW) are under construction and expected to complete by end-2024. Earnings from DC/AI-DC is expected to be substantial from FY25 onwards and the group has a strong advantage as NVidia’s preferred partner in Malaysia for AI-Could service provider vs other DC owners (difficult and costly to convert a conventional DC to an AI-DC infrastructure).

Forecast.
Raised forecasts for FY25 by 5.2% and FY26 by 16.4% as we incorporate earnings contribution from DC and AI DC.

Maintain BUY, TP: RM7.45.
We reiterate our BUY recommendation, with a higher TP: RM7.45 (from RM5.55), based on 10% discount to FD SOP: RM8.28, as we believe the current PE valuation remains undemanding (vs Tenaga and PGas) with potential dividend upside. Upcoming earnings will be further boosted by Wessex’s turnaround and maiden DC/AI-DC contributions."

https://www.thestar.com.my/business/business-news/2024/05/08/sentral-reit-records-1q-net-income-jump-to-rm199mil

any impact with the change of CIMB group CEO?

https://theedgemalaysia.com/node/705759

"While the shareholding structure is clear, what remains to be seen is whether the third generation will unlock value in Oriental. The company has a healthy pile of cash, generates healthy cash flow and has land to develop.

Still, unlocking the value of the assets is taking a long time."

https://theedgemalaysia.com/node/706520

"Not on investors’ radar
Oriental Holdings is a solid company with substantial cash and strong tangible assets, some of which are undervalued, the analyst adds. “It not on the radar of investors because its shareholding structure leaves very little liquidity in the group.”

It is noteworthy that the Employees Provident Fund has been paring down its stake in Oriental Holdings since as early as December 2019, when it had a 9.9% stake. As at March 15, its stake had contracted to 5.8%.

In the past five years, Oriental Holdings paid out annual dividends per share ranging between 20 sen and 44 sen.

Its share price, which hit a year-to-date peak of RM6.47 on Feb 28, closed at RM6.34 on March 29, giving the company a market capitalisation of RM3.93 billion. Perhaps with a restructured shareholding, the third generation will be more aggressive in unlocking value within the group."

still brewing ... why?

"The DRP Statement and Notice of Election (including the Dividend Reinvestment Form) will be provided to all the entitled shareholders of RHB Bank (save for the overseas shareholders of RHB Bank) on 23 April 2024 and the election period for the DRP will close on 7 May 2024."
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436071

and ...
"On 27 February 2024, RHB Bank had declared a second interim single-tier dividend for the financial year ended 31 December 2023 of RM0.25 per RHB Bank Share ("Second Interim Dividend") of which the shareholders of RHB Bank may elect to reinvest a portion of the Second Interim Dividend comprising RM0.10 per RHB Bank Share ("Electable Portion") into new RHB Bank Shares to be issued pursuant to the DRP ("DRP Shares") with the remaining portion of the Second Interim Dividend of RM0.15 per RHB Bank Share ("Remaining Portion") to be paid in cash. If only part of the Electable Portion is reinvested, the balance of the Electable Portion not reinvested and the Remaining Portion will be paid in cash. Following the above, the issue price of the DRP Shares had been fixed today at RM4.88 per DRP Share."
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436139

---
We will be informed on 23/4/24 for the DRP exercise, probably via boardroomlimited.com.
Correct me if I'm wrong.

i think MBMR's value grow in tandem w SIME's recent announcement. now, the price exceeded TP. unless i'm wrong. pls fill in.

i'm still new to this DRP.
i suppose if taking DRP into existing invested shares, the value of your share will be averaged (as the DRP price is RM4.88). Else, taking 25c dividend as the usual profit lah ... Or you may have both.
i'm waiting for RHB correspondence on this.

has RHB announced @Bursa?
https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement?company=1066

Cash or DRP:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3428169

DRP:
Re-invest Cash Entitlement into Securities
Entitlement Malaysian Ringgit (MYR) 0.0350
Company Name SUNWAY BERHAD
Issue Price per Unit Malaysian Ringgit (MYR) 2.5100
Deadline To Respond 04 Apr 2024 05:00 PM
Securities Crediting Date 18 Apr 2024
Available/Listing Date 19 Apr 2024
Fractional Entitlement Round Down / Fraction Disregard

You can find DRP from RHB report at Bursa Malaysia:
"Second Interim Dividend
• The Group declared a second interim dividend of 25 sen per share, consisting a cash payout of 15 sen per share and an electable portion under a Dividend Reinvestment Plan of 10 sen per share."

I saw the entitlement on my broker app says the past dividend announcements:
First Interim and Special Dividends @22/8/23
Second Interim and Special Dividends @24/11/23
Final Dividend (27/4/23 Previous year)
---
So, the final dividend will be announced by the end of this April.
Pls correct me if I'm wrong.

won't touch as in, don't sell and don't buy? many sold ...

Any thought on HLB Research Rpt:

Water. Revenue climbed higher by 6.0% driven by the increase in chemical and electricity rebates. There was a 2.4% hike in BWSR rates in FY23. Average MLDs came in lower by -2.8% which is within our range of expectations. At the operating profit level, there was a decline of -4.2% mainly due higher rehab & maintenance expenses. Profitability for the segment is expected to improve with a 14.3% tariff hike (effective 1-Jan-24).

Tolls. ADT at the Grand Saga Highway and Grand Sepadu showed encouraging YoY growth at +7.3% and +2.8% respectively, benefitting from increased car usage vs FY22 which encompassed periods of pre-endemic conditions. Additionally, Grand Saga traffic was aided by the opening of SUKE highway. Despite the ADT growth in the period, profitability was lower on the back of higher rehab and maintenance charges.

Construction. Revenue nearly doubled in FY23 due to the progress of the Package 2 and 3 of Rasau water scheme. We expect to see stronger performance from this division with projects showing signs of ramping up. There are also two water opportunities in the pipeline in Selangor which Taliworks could participate in.

Forecast. Despite the results shortfall, we make no changes to forecasts as the construction segment is positively ramping up.

Maintain HOLD, TP: RM0.81. Maintain HOLD with marginally lower SOP-driven TP of RM0.81 (from RM0.82) after rolling over valuation for is concession businesses. Uncertainty over its new level of dividends could weigh on share price in the near term. Nevertheless, we acknowledge the company’s highly cash generative business exposure. Upside risk: water project wins; Downside risk: lower dividends from current levels.

Still learning/digesting HLB Research Rpt:

Outlook. We expect NIM to improve next quarter, coming as a result of active liability management to help optimize funding cost. Also, credit growth is seen to chug along, especially with potential lumpy business loan drawdown in 1H24. That said, net credit cost (NCC) may normalize down QoQ after stepping up for two consecutive quarters (3Q-4Q23). In any case, we are slightly concerned on its relatively low LLC of 72% (vs pre-pandemic level of c.85%) as buffers have thinned and, in our view, difficult to pad any potential deterioration in asset quality.
Forecast. Unchanged since 4Q23 results were in line.
Retain HOLD and GGM-TP of RM6.00, based on 0.79x FY24 P/B with assumptions of 9.3% ROE, 10.9% COE, and 3% LTG. This is in line to its 5-year average of 0.79x but beneath sector mean of 0.89x. We feel the valuation is fair since its ROE output is similar to pre-pandemic level. Moreover, it has always traded at a discount to industry average. Overall, RHB’s risk-reward profile appears to be balanced, as there are no new positive catalysts to spur share price upwards. In addition, the bank’s LLC of 72% is below pre-pandemic level of c.85% but peers are instead printing in above this rate, which makes us slightly concerned.

I sold all. They perform badly for the last 2 quarters.

meaning ... stock price to fly or dividend is flying in?

Date:
2024-02-09
Firm:
KENANGA
Stock:
SIME

... Recall, the all-cash deal (RM5.8b) to acquire UMW is financed by Sukuk Murabahah (RM3b) and sales proceeds from the disposal of its healthcare business which was completed in Dec 2023 (RM2.8b). Post-business integration, SIME’s net debt and net gearing will increase from RM3,995m to RM5,877 and 0.2x to 0.4x, respectively (which includes UMW’s net cash position at RM1,118m). Subsequently, SIME plans to pare down its debt through: (i) the disposal of Malaysia Vision Valley land in Labu, Negeri Sembilan (RM2,959m), and (ii) the disposal of Komatsu and UMW’s Serendah land.

---
perhaps SIME has large debt to clear and decided to give 1 cent lower dividend compared to 2023 first div.

After missing FGV's last dividend, I'm not happy with FGV at all. Not sure their milk proposition nor never-happening privatisation will help.

Interesting thought on FGV's fresh milk proposition:
https://youtu.be/8cY_7j1AWvM

When FGV is privatized, what would happen to the stock?

Thank you

besides the drive by MSM, is it going to be privatised or dividend is coming?

so, is it good to sell or hold?