Toll collection for Plaza Taiping Selatan & Plaza Trong begins on 24 July 2024.

TP 1.04 by RHB

Senfong TP 1.90 by Apex Securitues
https://youtu.be/2YOvRhGvFfc?si=m73Yn1OK0esZj__P

UOB Kay Hian says worst is over for electronic manufacturing services, keeps 'overweight' call on sector
https://theedgemalaysia.com/node/718046

KAB to collaborate with Permodalan Kedah on RE projects
https://www.thestar.com.my/business/business-news/2024/06/24/kab-to-collaborate-with-permodalan-kedah-on-re-projects

Sunview bags RM79mil solar EPCC contract in Bulgaria
https://www.thestar.com.my/business/business-news/2024/06/18/sunview-bags-rm79mil-solar-epcc-contract-in-bulgaria

Sunview Group shares climb to eight-month high on winning two projects in Uzbekistan
https://theedgemalaysia.com/node/715468

Sunview Group secures large scale solar project in Uzbekistan
https://theedgemalaysia.com/node/715403

*HLIB Retail Research – Bullish Tracker 11 June*

*SMART (0306)-ACE market, Industrial products & services- Building materials*

*A locally established manufacturer of decorative paints and protective coatings* Listed on 28 May 2024, Smart Asia Chemical Bhd (SMART-IPO RM0.40) develops, manufactures, distributes, and sells decorative paints, protective coatings, colourants, and related products. It also offers original design manufacturing or ODM services for third-party brands in the paint and coatings industry.

*Potential beneficiary from the construction upcycle*. It is poised to benefit from the expansion of Malaysia’s construction industry (2024-2029 CAGR: 8.6% – according to Mordor Intelligence), driven by the Government’s continuous efforts to roll-out infrastructure projects nationwide. The vibrant construction activities help increase demand for residential, commercial, and industrial properties, as well as supporting infrastructure, which bodes well for SMART by boosting demand for paints and coatings. Moreover, SMART's comprehensive multi-channel distribution network – spanning nine wholesalers, 937 dealers, and 14 authorised distributors across Malaysia and overseas – enables it to effectively expand market coverage and reach a diverse customer base. The deployment of smart colour point-of-sale (POS) tinting machines at 381 retail stores also supports product customisation and efficient inventory management, allowing retailers to mix-and-match colours on demand.

*Technical review*: SMART is trading at consensus 12x FY2025E P/E. Based on hourly chart, the successful breakouts above multipole key MAs and upper BB could spur greater upside towards 0.505-0.535-0.545 zones. Key supports are pegged at 0.43-0.44

✅Current price: RM0.475
✅Entry: RM0.45-0.46-0.48
✅Resistance: RM0.0.505-0.535-0.545
✅Cut loss: RM0.445
✅Risk profile: Medium

Wcehb - Q4 Mar 24 Report

Concession :

The West Coast Expressway (WCE) Project involves the development of a 233 kilometers tolled highway from Banting, Selangor to Taiping, Perak (including 40 kilometers of highway to be constructed later). The WCE Project is a build-operate-transfer project with a concession period of up to a maximum of 60 years effective from 20 December 2013.

The WCE Project is divided into 11 sections whereby 6 sections have been opened for traffic. These are Section 5 (New North Klang Straits Bypass - Bandar Bukit Raja Utara), Section 6 (Bandar Bukit Raja Utara – Assam Jawa), Section 8 (Hutan Melintang - Teluk Intan), Section 9 (Kampung Lekir - Changkat Cermin), Section 10 (Changkat Cermin - Beruas) and Section 11 (Beruas – Taiping Selatan). The recent opening of Section 11 signifies the full completion of the Perak alignment, spanning 120km within the WCE Project. The opening of Section 11’s Taiping
Selatan provides direct access between our WCE to North South Expressway (NSE) at Changkat Jering in Taiping, Perak, providing immense significance to the region’s economic and infrastructure development.

Traffic volume on the operational sections has witnessed steady traffic growth, with an increase of 37% from the preceding year. The recent openings of Sections 6 and 11 have significantly amplified the WCE’s daily traffic volume. The sectional average daily traffic for 4Q FY2024 increased by a significant 53% compared to 4Q FY2023. During the recent Raya festive period in April 2024, the traffic volume achieved a peak of 350,000 sectional average daily traffic, a significant 150% surge from the previous record in December 2023 of 140,000 sectional average daily traffic. The Group expects a further increase once Section 1 and Section 2 are completed
and operational in the near term.

The concession segment has reported a loss before tax in the current quarter mainly due to interest expense incurred in relation to project financing for completed sections of the WCE Project. In accordance with MFRS 123, an entity shall cease capitalising borrowing costs when substantially all the activities necessary to prepare the qualifying asset for its intended use is complete. The interest expense was capitalised as part of the infrastructure development expenditure prior to the completion of construction works. Upon the completion of sectional construction, the interest expense for these sections will be charged to the statement of profit or loss. The Group is expected to incur losses in the early years of toll operations due to the cessation of capitalisation of interest
expenses for completed sections. Despite the loss before tax, the Group recorded an earnings before interest, taxes, depreciation and amortisation (EBITDA) of RM18.1 million for FY2024, indicating the Group is profitable at an operating level.

The construction of Section 1 (Banting – South Klang Valley Expressway (SKVE)) and Section 2 (SKVE – Shah Alam Expressway (KESAS)) has been completed and is currently at the inspection stage. The completion of these 2 sections will also provide connections to several existing highways, namely the South Klang Valley Expressway (SKVE) and the Shah Alam Expressway (KESAS), which would enhance the accessibility and connectivity of these areas along the alignment.

The construction for the final 3 sections namely, Section 3 (KESAS – Federal Highway Route 2), Section 4 (Federal Highway Route 2 – New North South Klang Straits Bypass (NNKSB)) and Section 7 (Assam Jawa – Tanjung Karang) is currently ongoing.

Going forward, the additional sectional toll revenue is expected to further improve the future financial performance of the Group in terms of cash flows and operating results. In the long run, once the entire alignment of WCE is fully operational, the Group expects a shift towards profitability as revenue growth outpaces interest cost.

Construction :

The Group’s construction segment, managed by WCE Maju Sdn Bhd (formerly known as KEB Builders Sdn Bhd) (“WCE Maju”), is focused on the timely execution and completion of its construction projects with a total contract sum of RM400 million. These projects entail a design, build and manage basis, the construction works of a proposed access from West Coast
Expressway to a mixed development project in Kota Seri Langat (“the Seri Langat Project”) and construction works for Section 7, Part 2 of 2 (“Section 7B”) of the WCE Project which is approximately 10km in length from the beginning of the Assam Jawa Interchange towards the Tanjung Karang Interchange.

WCE Maju is focused on ensuring the successful execution of these projects to enhance sustainable growth in the construction segment.

30/5/2024

Google to invest US$2b for data centre and cloud region in Malaysia
https://theedgemalaysia.com/node/713588

Awantec’s position on the group’s viability vindicated as Bursa lifts trading suspension on its securities
https://theedgemalaysia.com/node/711451

Cape EMS’ 1Q net profit jumps 58%
https://theedgemalaysia.com/node/712452

Hubline confirms talks to acquire Equinas' Orkim
https://theedgemalaysia.com/node/712336

Announcement on Google's investment in Malaysia to be made soon.
https://www.nst.com.my/news/nation/2024/05/1047292/announcement-googles-investment-malaysia-be-made-soon-tengku-zafrul

In August 2021, Awantec subsidiary Awantec Systems Sdn Bhd was elevated to Googles's Premier Level Partner in Malaysia.

The partnership with Google allows Awantec to be part of government's cloud framework agreement (CFA) signed in May 2022. The CFA is one of the main trusts to drive the digital transformation of the public sector, especially by utilising the cloud network.

Awantec is doing analytics for Google and cloud transformation programmes for Google (for customers that use Google Suites).

Awantec is already serving about 400,000 civil servants through Google Workspace productivity tools and students using the Google Classroom application. Awantec provide Google Workplace services to five million schoolchildren.

Awantec has also penetrated the commercial segment, to tap the cloud transformation and migration market. Awantec believe that the business is going to see quite a big growth.

On May 7, Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz confirmed that Google would invest in Malaysia.

The Edge Malaysia, May 13, 2024

Awantec & Google : Shaping Malaysia's Future With AI
https://www.facebook.com/share/p/9oSDbHxKrTmoaZP8/?mibextid=oFDknk

Excellent article on Awantec in The Edge Malaysia dd 13 May 2024.

Bursa lifts Awantec from affected issuer status after three years
https://theedgemalaysia.com/node/711130

Closed @ 0.205 with high volume on 08052024

How gold price movement influences pawnbroking activities
https://theedgemalaysia.com/node/709877

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

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/