YTL Corp remains undervalued with solid earnings, upside potential

“YTL Corp has strong catalysts from strong earnings momentum (driven by the utilities segment), strong cash flow and dividend payout, [its] leverage to mega infrastructure projects, and new ventures into DC (data centre) and RE (renewable energy) segments for the group’s next stage of growth,” it noted.


https://theedgemalaysia.com/node/709306

YTL Corp remains undervalued with solid earnings, upside potential

“YTL Corp has strong catalysts from strong earnings momentum (driven by the utilities segment), strong cash flow and dividend payout, [its] leverage to mega infrastructure projects, and new ventures into DC (data centre) and RE (renewable energy) segments for the group’s next stage of growth,” it noted.


HLIB

Bro Paid up, of only 280 million not 480m shares.
-------------------------
Investor77 After Ex Div of 18 cents, most likely will climb up again due to profit from land sales. From land sales, Eps may touch RM 1/ share, from Number of Share Holders of only 480 million !!
22/04/2024 5:07 PM

Crescendo - Hits Record High after Second Land Deal with Microsoft. More to come?

Compared to its current share price of RM3.70, Crescendo is trading at 25% discount to book value and 63% discount to RNAV ofRM10. (Including the total net gains of RM390m from all the 4 disposals, its book value will surge to RM4.90 per share).

What is the fair value for a premier developer of industrial property in Johor with huge undervalued landbank, consistent dividend payout of 50-60%, strong earnings visibility and a proxy to rising industrial land prices amid data centre boom and rising momentum in Iskandar Malaysia?


https://klse1.i3investor.com/blogs/bursachatgpt/2024-04-21-story-h-183...

I believe with Farhash be out of the picture, all is clear now for Govt. to award the Rm1.1 billion NIISe project to HT PADU- the MOST capable among the 3 shortlisted. The announcement will be made pretty soon.

Interesting to know who will be buying the PP Private Placement that is slated later in October.

Someone may return for all you know.

First disposal - RM 117 million

2nd disposal - RM 111 million

3rd disposal - RM 315 million

4th disposal - RM 132 million

TOTAL SALES of Land------- RM675 million.

HeiTech Padu seeks to raise RM23 mil via private placement

https://theedgemalaysia.com/node/708295

MyEG, HeiTech Padu form partnership to collaborate on IT Projects.

https://theedgemalaysia.com/node/708057

HeiTech Padu bags RM190m system maintenance contract from JPJ


https://theedgemalaysia.com/node/707979

Wow Crescendo swimming in CASH.

Amanahraya Trustees Bhd, the trustee of Amanah Saham Bumiputera (ASB), reduced its stake in property developer S P Setia Bhd by selling 100 million shares on April 8, cutting its stake from 24.54% to 22.37%. The off-market trade was executed at RM1.41 per share, representing a 2.76% discount compared with the closing price on April 8. ASB remains the second-largest shareholder in S P Setia, behind Permodalan Nasional Bhd. ASB has been trimming its stake since the beginning of the year, with net disposals totaling 100.92 million shares. Additionally, ASB converted some of its Class C Islamic Redeemable Convertible Preference shares into ordinary shares on April 5. ASB trims 2.18% stake in S P Setia for RM141 mil

It has been reported that Theta Edge is eyeing several large-scale government projects but has yet to announce any successes.

The company earlier proposed an autonomous rapid transit (ART) system in Johor Bahru, in collaboration with SIPP Rail Sdn Bhd, Mobilus Sdn Bhd and Lion Pacific. A 24-member delegation from the Johor state government, led by the state’s Public Works, Transport, Infrastructure and Communications exco Mohamad Fazli Mohamad Salleh, went to Kuching in February for a test ride on the ART prototype vehicle.

Theta Edge, meanwhile, is understood to have been shortlisted for the National Immigration Information System or NIISe project, alongside DNeX and HeiTech Padu Bhd, The Edge reported last month.

The contract involves data integration from 13 modules of the existing border control system. Of the three shortlisted companies, Theta Edge is the smallest in terms of market capitalisation. DNeX is a RM1.31 billion company and HeiTech Padu is valued at RM238.9 million.

Theta Edge’s chief executive officer Datuk Nuraslina Zainal Abidin, meanwhile, told The Edge separately that the company is looking for suitable consortium partners to bid for a RM3.46 billion multi-lane free-flow toll system for toll roads.

The group is also participating in Prasarana Malaysia Bhd’s tender for an integrated common payment system in its public transport systems in Klang Valley, she was reported as saying in an article published early this month.

https://theedgemalaysia.com/node/707764

Yes, Theta is the front runner of the 3.5 billion MLFF project. It’s a massive project and also lucrative.

SP Setia is backed by solid fundamentals and profitability- an up-trending stock to watch esp. in Johore property play. NAPS per share is in excess of Rm2.90.

Gold Hits New High as Central Banks Ramp Up Purchases

China’s central bank added gold to its reserves for the 17th month in a row in March

WSJ, Updated April 8, 2024 at 4:00 pm ET

June futures on the New York Mercantile Exchange have gained 4.4% over the last week and nearly 11% over the last year.
Gold closed at another record high Monday, driven by central bank purchases.

https://www.wsj.com/economy/central-banking/gold-hits-fresh-highs-as-central-banks-ramp-up-purchases-7149ae68

KSL is a very profitable company.

Thanks Bro for your warm regards. Yes, YTL is a solid stock that is taking a breather after a massive run up. Crescendo is still running but Poh Kong will start sprinting to Rm1.60. Just my 2 cents.

Invest-888- Interesting information.

Poh Kong share price historic high was around RM1.60 in August 2020 with the gold price at USD2030, USD 1 = RM 4.19. Now USD 1 = RM4.73, GOLD price is USD2340 per ounce. In comparison, notice that the USD appreciates against RM by 13% and the gold price is increased by 15.2%.

Yes, gold inventory is RM858million according to latest quarterly report. At RM1.02, PohKong market capital is only RM410million.
Poh Kong is at very low price with gold business that hedge against uncertainty esp escalation wars now.

Crescendo has always been generous in rewarding shareholders- that's beauty of Crescendo unlike some companies that only reward their Directors. Keep it up Crescendo and Kudos the the fantastic management in creating value for the shareholders.

Be patient Bro. HTPadu's future is bright as it has expertise in Data Centre management and also currently owns a Data Centre. It's the ICT contractor for the Government.

HT Padu a cornered stock by Wong & Associates.

Looks like closing at the upper limit of RM 2.60 is highly likely.

RM1.1 billion NIISe project in bag? Yup, most probably.

Property developer Crescendo rises to record high on land disposal


KUALA LUMPUR (April 5): Crescendo Corp Bhd's shares surged to a record high on Friday following the announcement of the Johor-based property developer’s latest land disposal plan.
The counter rose as much as 5.86% to RM3.25 during Friday’s morning session, before paring its gains to RM3.22 by noon break. At RM3.25, the group is valued at RM903.09 million.

Crescendo, through its wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd, has sealed a deal with Microsoft Payments (Malaysia) Sdn Bhd for the sale of a vacant parcel of freehold land spanning 1.1 million sq feet in Pulai, Johor for RM132.47 million. The group expects to realise a net gain of RM80.83 million from this recent proposed land transaction.

https://theedgemalaysia.com/node/707117

Potential REIT listing.

SP Setia is in the preliminary stage of listing some of its investment properties, and has identified a diverse list of potential assets in various sub-sectors such as Setia City Mall (retail), KL Eco City (office), and Tenby Setia Eco Park (Education). We think this would be a positive as it would lighten its balance sheet further.

TP Rm 1.56 as per RHB Investment Bank.

HTP's paid up is small at 100M. And free float is not a lot. Easy for TS Wong & Associates to push sky high. Of course with the proviso that HTpadu is the confirmed winner of the RM1 billion NIISe project.

Paid up is small 280M. And free float is so so small.

Easy for syndicates to push.

Valuation still attractive @ 18 times price to earnings.

Folks, to make money in stocks, you need to have vision to see them, courage to buy them & patience to hold them.

But sadly patience is the rarest of the three.

Folks, to make money in stocks, you need to have vision to see them, courage to buy them & patience to hold them. But sadly patience is the rarest of the three.

Folks, to make money in stocks, you need to have vision to see them, courage to buy them & patience to hold them. But sadly patience is the rarest of the three.

HT Padu will still be awarded the contract ultimately as it is the most qualified to handle the project.

This is a strong fundamental stock with good earnings outlook. PE Valuation still below 18X at 52 cents.

SP Setia ia taking a short break before resuming its uptrend. This is a strong fundamental stock-holding power and patience is key to achieve maximum returns.

Nothing miraculous as SPSetia is severely undervalued.

Back in 2011 PNB extended took over S P Setia Bhd at RM3.90 per share.

https://theedgemalaysia.com/article/pnb-launches-takeover-s-p-setia

A simplistic approach based on last Q's result would be 8 cts x 4 = 32 cts x PE of 12 = 3.84.

A TP of RM 3.80, I recon is a conservative TP.

On a more upbeat approach would be - factoring in fantastic profits from various parcels lands sold to Multinationals to build DCs - a TP of RM 4.50 is reasonable.

Above all, this company is generous when it comes to sharing profits ( vis dividends) unlike other Property companies.

Just my 2 cents ya.

Still good value at Rm 1.98 as HTpadu stand a very good chance to win the Rm1.16 billion NIISE project. Most likely in the bag.

Zantat at 38 cents is still good value at a PE of 12.5.

At 37.5 sen per share, Zantat is valued at about 12.5 times its price-earnings ratio, based on a net profit of RM6.77 million and basic earnings per share of three sen for the financial year ended Dec 31, 2023 (FY2023).

Its market capitalisation stands at RM105 million, based on a share capital of 280 million.

Crescendo declares special dividend as earnings surge to seven-year high


(March 27): Property developer Crescendo Corporation Bhd on Wednesday declared a special dividend as earnings surged to a seven-year high on the back of rising home sales and high margin industrial land disposal.

The company expects to “perform well” in FY2025 as the land sales in Nusa Cemerlang Industrial Park will gross RM545 million and allow the company to book an estimated gain after tax of about RM310 million upon their completion in FY2025.

Within the next one year, the company plans to launch 167 units of mid- to high-end market landed residences at Bandar Cemerlang and 57 units of shop-offices at Desa Cemerlang with a total gross development value (GDV) of RM237 million, it noted.

Further, Crescendo will begin the main infrastructure work of the industrial park at Bandar Cemerlang in FY2025 “as we plan to launch the first phase for sales within the next three years,” Crescendo.

Crescendo also plans to launch 1,200 units of serviced apartments near Bukit Chagar with a total GDV of about RM1 billion in the second half of FY2025.
The company turned around in the final quarter of FY2024 with net profit of RM21.61 million from a net loss of RM3.64 million in the same period a year earlier.

Revenue for the quarter tripled year-on-year to RM120.11 million from RM39.27 million.
In Nov 2023, the company signed two separate agreements to sell freehold vacant land for a total of RM117.02 million. Crescendo completed another deal to sell land for RM315.17 million in the same month.

https://theedgemalaysia.com/node/706187

https://klse1.i3investor.com/blogs/savemalaysia/2024-03-27-story-h-185469800-Special_Report_Interest_in_HeiTech_Padu_goes_beyond_NIISe_says_MyEG.jsp

Fantastic results and a generous dividend of 18 cents per share. Hallelujah!

Yup, A bully will always pick on a smaller person (instead of China.)

The properties that will be attached to their planned REIT will be revalued at market price, This will enable SPSetia to degear further.

NAPS is more than RM2.90 per share after property revaluation.

Paid up is small 280M. And free float is not a lot. Easy for syndicates to push.

Cocoa is more expensive than copper as it tops US$9,000
By Dayanne Sousa & Megan Durisin / Bloomberg
26 Mar 2024, 10:31 am

Sad,wonderful lady with a beautiful heart. RIP Auntie Anne.

SP Setia - An Emerging Industrial Player; Keep BUY

Potential REIT listing to lighten balance sheet. SP Setia is in the preliminary stage of listing some of its investment properties, and has identified a diverse list of potential assets in various sub-sectors such as Setia City Mall (retail), KL Eco City (office), and Tenby Setia Eco Park (Education). We think this would be a positive as it would lighten its balance sheet further.

https://klse1.i3investor.com/servlets/ptres/71065.jsp

'MRCB, Kimlun Corp among companies set to benefit from expedited flood mitigation projects

By S. BIRRUNTHA - March 26, 2024 @ 9:29am

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and Kimlun Corp are among companies expected to benefit from expedited flood mitigation projects within the construction sector, RHB research said.

The research firm said the federal government has allocated about RM11.8 billion under Budget 2024 for flood mitigation projects spread across 33 high priority projects.

SP Setia intends to maximise the value of its investment assets by utilising REIT

Maybank Securities Research has increased its earnings predictions for FY24-26 by 1-55% and the target price to MYR1.66 (+38sen) based on a higher 0.5x FY24E Price-to-Book Value (PBV) ratio (previously 0.4x). This adjustment reflects the positive expectations for earnings and the financial position.

The research business views the proposed REIT as a way for SPSB to reduce debt and realise the value in its investment properties, enabling the company to keep a share in these assets and collect dividend earnings. The REIT might also help with future additions of SPSB’s mature assets, allowing for the recycling of funds.

SP Setia's Net asets backing per share is RM2.90

These properties could consist of :

Shopping centre- Setia City Mall, Setia Eco Hill Mall, INC by KL Eco City, Setia Walk

Hotels - Amari Spice Hotel Penang & Amari Kuala Lumpur

Conference Centres. - Setia City Convention Centre, Setia Spice Convention Centre Penang.

SP Setia intends to maximise the value of its investment assets by utilising REIT

Maybank Securities Research has increased its earnings predictions for FY24-26 by 1-55% and the target price to MYR1.66 (+38sen) based on a higher 0.5x FY24E Price-to-Book Value (PBV) ratio (previously 0.4x). This adjustment reflects the positive expectations for earnings and the financial position.

The research business views the proposed REIT as a way for SPSB to reduce debt and realise the value in its investment properties, enabling the company to keep a share in these assets and collect dividend earnings. The REIT might also help with future additions of SPSB’s mature assets, allowing for the recycling of funds.

These properties could consist of :

Shopping centre- Setia City Mall, Setia Eco Hill Mall, INC by KL Eco City, Setia Walk

Hotels - Amari Spice Hotel Penang & Amari Kuala Lumpur

Conference Centres. - Setia City Convention Centre, Setia Spice Convention Centre Penang.

Yes, Crescendo will do well in the foreseeable future.

MRCB Shortlisted to buy CIMA.

Germany-based Heidelberg Materials AG; China-based Huaxin Cement Co Ltd; Malaysian Resources Corp Bhd (MRCB), a company which is connected to Yinson Holdings Bhd; and companies linked to Pahang and Negeri Sembilan royalty — have been shortlisted to buy Cement Industries of Malaysia Bhd (CIMA), a wholly-owned subsidiary of UEM Group Bhd.