For the remainder of FY2023, the Group continues to be dedicated to redefining the healthcare ecosystem. “KPJ Healthcare remains committed to advancing our hospitals to capture the growing volume of activities in the latter half of the year by further increasing our beds, recruiting more consultants and expanding our range of services. Against the backdrop of a robust healthcare sector, we steadfastly uphold our purpose - ‘Care for Life’,” affirmed Norhaizam.

“The general outlook for healthcare service providers is optimistic, driven by our continued dedication and commitment to be your preferred healthcare provider,” Norhaizam concluded.

Source: https://kpjhealth.com.my/news/kpj-healthcare-sustains-strong-momentum-records-impressive-financial-results-for-q2-fy2023

China Developers Drop Most in 9 Months on Evergrande Woes

https://www.bloomberg.com/news/articles/2023-09-25/china-developers-slump-most-since-december-as-evergrande-weighs

Loss making company until the last quarter

Johor Sultan grants audience to PM at Istana Bukit Pelangi

https://theedgemalaysia.com/node/681073

UEM Sunrise is on of RHB Top Picks with TP of 92 sen

https://theedgemalaysia.com/node/681104

Sime Darby Property raises FY23 sales target to RM2.7bil on growing optimism

https://www.thestar.com.my/business/business-news/2023/08/28/sime-darby-property-raises-fy23-sales-target-to-rm27bil-on-growing-optimism
KUALA LUMPUR: Sime Darby Property Bhd has revised higher its sales target to RM2.7bil from RM2.3bil previously as it grows confident the strong momentum in 1H23 will continue over the course of the year.

In the first half of the year, the property developers said it recorded sales of RM1.5bil, which represents 65% of its original sales target.

UEM Sunrise (UEMS MK, BUY, TP: MYR0.92)
The Minh And Connaught One To Drive 2H Sales

Results Review
BUY, new TP of MYR0.92 from MYR0.70, 48% upside. UEM Sunrise’s 1H23 net profit is in line. Its 1H23 property sales of MYR1.49bn has already met management’s target for the year, and we expect the company to book MYR1.9-2bn in sales by year-end. Meanwhile, sentiment on the Iskandar Malaysia property market remains upbeat, given the positive news flow in the pipeline. We raise our TP to reflect the better market sentiment ahead, on the lifting of the political overhang post state elections.

The fact is:
1. AAX submitted an application to UPLIFT PN17
2. Capital A submitted an application to EXTEND period for RP submission

Their actions already show they are in different time zone in terms of PN17 upliftment.

DBS Elevates CATHAY PAC AIR (00293.HK) TP to $12, Rates Buy

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1282027/latest-news/HK6

DBS wrote in a research report that CATHAY PAC AIR (00293.HK) has been able to effectively acquire a large customer base and has built a strong reputation in the business travel market.

The broker expected the resilience of passenger load factors and yields to lead to satisfactory earnings over the next two years, and will continue to surprise the market in the near term.

The broker also predicted that tight international capacity supply and strong demand for high-end leisure travel will continue to support high levels of passenger yields and seat capacity for some time.

The 1st quarter RM62 million core net profit is already known to institutional and foreigners since 2 months +. It is already stated in the slides at their website. So all these already priced in.

https://www.airasiax.com/misc/qr/presentation_slide_1Q2023.pdf

So if you calculate Core EPS for Q1 is 14 sen.
No of shares 447 million.
62 / 447 = RM0.139

The most important question is:

WILL THE Q2 Core EPS more than 14 sen? If YES, then share price up...

I believe YES since passengers carried up 24% against Q1 and number of fleet operating now 17. In Q1 it was 14.

JPM Upgrades CATHAY PAC AIR (00293.HK) to Overweight, Lifts TP to $11

http://www.aastocks.com/en/stocks/news/aafn-news/NOW.1280720/2

JPMorgan reported that Asian airlines have been seeing higher yield and robust profitability, especially when the fleet capacity reinstatement of Hong Kong and mainland Chinese airlines continue to lag behind the trend of rising demand.

Propped up by an unprecedented travel revival, prices of flight tickets could remain elevated for a longer period of time. As such, the broker upgraded the rating on CATHAY PAC AIR (00293.HK) from Neutral to Overweight, on the assumption that the airline will follow in the footsteps of regional peers (such as Singapore Airlines and Qantas) and international peers (such as European and US airlines).

*********************
What if JP Morgan initiate coverage on AAX? Since Maybank already done that ... ?

After so many days, the market already assume it will be an Extension and must submit RP. Those that scared about cannot uplift already sold on Tuesday/Wednesday.

So, when the news about cannot uplift is out drop 1%-3% then reverse back because super result will be out soon.

joyvest, AAX submitted the upliftment request and possible extension on 20-July

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3370254

This is a non-event but some short term players may sell because don't understand. Time to collect.

Already said pending, and the monthly update is done every month since last year.

Pending the decision from Bursa Securities on the application for the Proposed Relief & PN17 Upliftment, the Company had also vide the same application, applied to Bursa Securities for a further extension of time of three (3) months from 29 July 2023 to 28 October 2023 for the Company to submit a regularisation plan to the regulatory authorities in the event it does not receive Bursa Securities’ approval for the Proposed Relief & PN17 Upliftment.

As of 2 August 2023, Bursa Securities’ decision on the application for the Proposed Relief & PN17 Upliftment is pending. The Company shall make the necessary announcement(s) with regard to any material development thereof accordingly.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3373862

亚航增加飞往中国的航班以满足旅游需求激增
https://newsroom.airasia.com/news/sc-airasia-ramps-up-flights-to-china-amid-surge-in-travel-demand

马来西亚亚航 (AK) 将于 9 月 2 日起恢复亚庇飞往杭州航线
马来西亚亚航长程 (D7) 将于 9 月 1 日起每周增加 5 班吉隆坡飞往北京（大兴）的航班；从 9 月 15 日起每周有 7 班飞往上海的航班；从 9 月 30 日起每周有 4 班飞往杭州的航班

Maybank TP is RM3.58

https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-07-28-story-h-244610643-Maybank_IB_Re_initiates_Coverage_on_AirAsia_X_Forecasts_Record_FY2023_a

What is RP?

I think it is a done deal, just need to communicate it nicely.

Johor property market is recovering.

https://www.nst.com.my/property/2023/06/919882/johors-housing-market-attracting-property-buyers-singapore

AirAsia X submits application to exit PN17, confirms The Edge report

https://theedgemalaysia.com/node/675507

Strong queue at 1.89 with 550,000 shares waiting to BUY. Looks like institutional player has really come in waiting for ikan bilis to sell AAX shares at cheap price.

Westports replaces Inari as FBM KLCI constituent

KUALA LUMPUR: Westports Holdings Bhd has been included in the FTSE Bursa Malaysia (FBM) KLCI following the semi-annual review of the FBM index series.

The port operator replaces Inari Amertron Bhd, which has now been included in the FBM Mid 70 Index.

https://www.thestar.com.my/business/business-news/2023/06/01/westports-replaces-inari-as-fbm-klci-constituent

Westports will join FBMKLCI effective 19 June 2023! This is a good news!

Source: https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2608060

The selloff on Malaysia Airport is because the Dividend Reinvestment plan shares just listed today. The cost is RM6.06 so some big funds take profit in the short term. After that it recover as long term investors see the future is bright so buy at low price when opportunity come.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3354705

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3355264

RM50 million investment from institutional players is a vote of confidence.

From now onwards, other institutional funds will start to look at AAX. Before today, almost all are retail players. With institutional fund interest in AAX (the first time in many years), it means that this is just the beginning. Once it clear RM1 billion market cap, more insti fund will join! Now market cap RM750 to RM800 million. So 1 billion is not far...

up a lot but no volume

Steady stock, solid as rock