BursaKakis

BursaKakis | Joined since 2017-10-08

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Stock

37 minutes ago | Report Abuse

Section 11 of West Coast Expressway at 99.33% completion, says Perak MB
https://theedgemalaysia.com/node/702694

Stock

7 hours ago | Report Abuse

Key highlights:
• Toll concession segment has demonstrated a significant 25% quarter-on-quarter
improvement
• Opening of Section 6 (Bandar Bukit Raja Utara – Assam Jawa) on 21 November
2023
• Achieved 140,000 vehicles daily during the recent Christmas festive holidays
• Target to open Section 11 (Beruas – Taiping Selatan) soon, followed by another
two more sections in 4Q FY2024

Daily vehicles using the highway will explode upon opening of Section 11.

Stock

19 hours ago | Report Abuse


Q4 Dec 23 EPS 7.65 cts

For current quarter under review, the Group’s revenue decreased for approximately 3.47%
or RM3.93 million, from RM113.35 in the immediate preceding quarter million to RM109.42
million for the current quarter. This was mainly due to significantly lower volume of eggs
sold.

The Group reported profit before taxation of RM30.06 million for the current quarter as
compared to RM7.51 million in the immediate preceding quarter. The considerable improved
pre-tax profit of RM22.55 million or 300.32% was mainly due to lower feed costs and
outstanding subsidies received from the Government during the current quarter under
review as compare to the immediate preceding quarter.

Stock

1 day ago | Report Abuse

PPJACK eps 0.66 share price 1.01, EMCC eps 0.60 share price 0.435 - 27022024

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1 day ago | Report Abuse

Avaland may extend uptrend, says RHB Retail Research
https://theedgemalaysia.com/node/702456

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2 days ago | Report Abuse

Egg producer Lay Hong's 3Q net profit jumps nearly eight times as govt subsidies help
https://theedgemalaysia.com/node/702317

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2 days ago | Report Abuse

Seng Fong posts best quarterly earnings since listing; planning private placement, bonus issue
https://theedgemalaysia.com/node/702191

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5 days ago | Report Abuse

AVALAND Q4 Dec 23 EPS 2.58 cts Share Price @ 0.295 cts,
LBS Q4 Dec 23 EPS 1.97 cts Share Price @ 0.67 cts,
E&O Q3 Dec 23 EPS 1.88 cts Share Price @ 0.87 cts
as at 22022024

Stock

5 days ago | Report Abuse

Genting Singapore posts 80% y-o-y increase in FY2023 net profit to S$611.6 mil
https://theedgemalaysia.com/node/701964

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1 week ago | Report Abuse

These are the stocks analysts favour for 2024
https://theedgemalaysia.com/node/701095

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1 week ago | Report Abuse

These are the stocks analysts favour for 2024
https://theedgemalaysia.com/node/701095

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1 week ago | Report Abuse

Prolintas inks underwriting agreement, set for 1Q listing
https://theedgemalaysia.com/node/700934

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2 weeks ago | Report Abuse

Maybank IB expects ITMAX's turnover to increase by RM23.6m for FY2024-FY2025
https://theedgemalaysia.com/node/700747

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2 weeks ago | Report Abuse

HLIB raises ITMAX’s target price by 40% to RM2.91 on premium valuation
https://theedgemalaysia.com/node/700503

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2 weeks ago | Report Abuse

DBKL expands scope of KL street lighting job for ITMAX by RM47.2m
https://theedgemalaysia.com/node/700250

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4 weeks ago | Report Abuse

ITMAX System attempting to stage a bullish breakout, says RHB Retail Research
https://theedgemalaysia.com/node/699044

Stock

1 month ago | Report Abuse

MyEG's Zetrix, Web3Labs, And Summer Capital To Advance HK's Web3 Initiatives
https://www.businesstoday.com.my/20
24/01/22/myegs-zetrix-web3labs-and-summer-capital-to-advance-hks-web3-initiatives/

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1 month ago | Report Abuse

CGS-CIMB: East Malaysia store expansion to drive growth of MR DIY
https://theedgemalaysia.com/node/697152

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2 months ago | Report Abuse

MyNews upgraded as analysts turn upbeat on signs of positive turnaround - TP 0.68 by RHB & 0.62 by Maybank
https://theedgemalaysia.com/node/694939

Stock

2 months ago | Report Abuse

MULTIPLE PROPOSALS SYSTECH BHD ("SYSTECH" OR THE "COMPANY") (I) PROPOSED SHARES ISSUANCE; (II) PROPOSED ACQUISITION; (III) PROPOSED BONUS ISSUE OF WARRANTS; AND (IV) PROPOSED ESS (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")
https://www.malaysiastock.biz/Company-Announcement.aspx?id=1529647

Stock

2 months ago | Report Abuse

Southern Cable set to resume uptrend, says Rakuten Trade
https://theedgemalaysia.com/node/694762

Stock

2 months ago | Report Abuse

Commentary of Prospects - Q3 Sep 2023

Southern Cable's prospects are supported by the growing demand for cables and wires in
Malaysia, in line with ongoing development and infrastructure projects.

As at 30 September 2023, the Group’s orders in hand amounted to RM893.2 million, and are
expected to be fulfilled by 2026. These orders include the supply of underground cables and
conductors to Tenaga Nasional Berhad and Sarawak Energy Berhad, the supply of rectifier and
battery systems to Telekom Malaysia Berhad, as well as purchase orders from EPCC
(Engineering Procurement Construction Commissioning) contractors, resellers, and others.

Notably, the Group’s annual cable and wire production capacity has increased by 21% to
40,780 km from 33,780 km in the previous financial year ended 31 December 2022 due to
installation of new machinery, enabling the Group to deliver more orders and enhance its
revenue.

Meanwhile, Southern Cable is aiming to capitalise on the growing demand for power cables
and wires from Malaysia’s National Energy Transition Roadmap (NETR) objectives.

On 27 July 2023, the Ministry of Economy of Malaysia unveiled 10 flagship projects under
Phase 1 of the NETR, encompassing solar farms, hydrogen energy, and others, with anticipated
investments of RM25 billion. A projected total investment of between RM435 billion to RM1.85
trillion until 2050 will be required to enable Malaysia to achieve its target of 70% Renewal
Energy (RE) capacity mix, which involves investment in RE generation sources, strengthening
of grid infrastructure including transmission lines enhancement, and energy storage systems,
among others.

To this end, Southern Cable has supplied a wide range of power cables and wires used in
power transmission and distribution networks, including TÜV SÜD certified solar photovoltaic
cables. These products have been used by EPCC solar players in projects such as Large Scale
Solar, positioning the Group favourably to tap into the renewable energy market.

Barring unforeseen circumstances, Southern Cable’s outlook remains positive for the financial
year ending 31 December 2023.

Stock

2 months ago | Report Abuse

SMRT set to resume uptrend, says RHB Retail Research
https://theedgemalaysia.com/node/694320

Stock

2 months ago | Report Abuse

Cabinet has approved construction of West Ipoh Span Expressway, says Perak MB
https://theedgemalaysia.com/node/693906

Stock

2 months ago | Report Abuse

EPF CEO Amir Hamzah appointed as finance minister II in Cabinet reshuffle
https://theedgemalaysia.com/node/693537

Stock

2 months ago | Report Abuse

The company also just secured a contract from Malaysia Airports Holdings Bhd to supply and install aeronautical ground lighting control systems for six airports in the country - HLIB

Stock

2 months ago | Report Abuse

In several announcements released in December, My EG Services (MYEG) officially launched Zcert with its JV partner Beitou Investment Group, secured a RM108m foreign worker accommodation project in Penang, and received approval from JPJ for its MYEG Drive Testing System’s pilot phase.

COMMENT



 Potentially huge returns from the launch of Zcert with China’s Beitou Investment Group. Over the weekend, MYEG officially launched ZCert, a cross-border credential service on Zetrix-XInghuo Blockchain with its 50% JV partner - China's state-owned Guangxi Beitou IT Innovation Technology Investment Group (Beitou Investment Group). The launching of Zcert and signing ceremony was witnessed by Deputy Prime Minister, Dato’ Seri Ahmad Zahid Bin Haimidi. The JV between MYEG and Beitou Investment Group offers cross-border credential service for China domestic users to digitise their driving license and other documents on the Zetrix-Xinghuo blockchain.
 Zcert’s cross-border digitisation credential service for driving licences can theoretically raise MYEG’s revenue by >RM100m. For the driver licence business segment, Zcert will offer a digitised-blockchain (and competing) version of China’s first and largest outbound car rental platform Zuzuche’s services that provide a translated and notarised version of china's driving licence. We assess the earnings potential to be huge for MYEG, given the guesstimate Zuzuche’s international car rental users of c.11m. Assuming around 20% of these 11m users convert into using Zcert which charges around Rmb220 (vs Zuzuche’s Rmb250), potential revenue accretion to MYEG’s 50% stake could be as much as RM159m. We expect Zcert to soon launch more digitised-blockchain services.

 In Malaysia, MYEG secures a RM108m foreign worker accommodation project in Penang. On 6 Dec 23, MYEG’s subsidiary MYEG Lodging (NC) Sdn Bhd signed a lease agreement with the Penang Development Corporation (PDC) to build a RM108m foreign workers’ housing in Batu Kawan. The workers’ village project, located at Batu Kawan Industrial Park 3 (BKIP3), is expected to house at least 8,000 foreign workers upon completion. We estimate that the RM108m foreign worker accommodation project in Penang will contribute annually >RM30m revenue and c.RM10m pre-tax profit upon completion by 2026 (Assumptions: 8,000 foreign workers, RM400/month rental).  Receives approval from JPJ for MyEG Drive Testing System’s (MYDTS) pilot phase. Earlier this month, MYEG received approval from the Road Transport Department (JPJ) to proceed with the pilot phase of the MyEG Drive Testing System (MYDTS) involving actual test candidates. The pilot phase will run from 18 Dec 23 till 16 Feb 24 before being commercially launched. Our earlier assessments revealed that e-testing may potentially lift MYEG’s profit by RM40m-50m upon commercial rollout.
 Zetrix possesses huge option value on earnings and valuations for MYEG upon maturity. We had previously assessed that Zetrix’s services can produce annual revenues of >RM650m via charging gas fees, service fees per credentials/contract and annual fees upon optimal utilisation of Ztrade services. Zetrix will also charge gas fees on its cross-border supply chain traceability and financing services after it is launched tentatively in 4Q23.

UOB KayHian 11122023

Stock

2 months ago | Report Abuse

Hiap Teck to spend RM53.2 mil under steel-making JV’s cash call
https://theedgemalaysia.com/node/692947

Stock

2023-11-30 06:58 | Report Abuse

MyEG gets JPJ nod to start driving test system on actual candidates
https://theedgemalaysia.com/node/692051

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2023-11-29 07:57 | Report Abuse

Malaysia’s Leading Total Packaging and Display Solutions Provider
https://www.youtube.com/watch?v=EArBRzQxm_4

Stock

2023-11-25 10:39 | Report Abuse

QoQ profits excluding one-off listing expenses in respect of IPO amounting to RM1.671 million should be 4.651m against previous Q of 3.452m, an increased of 1.199m or 34.7 % .

Stock

2023-11-25 09:56 | Report Abuse

Comments on Prospects - Q3 Sep 23 Report dd 23112023

The Group continues to enjoy a healthy orderbook replenishment rate across the Ultra High Purity, Process Engineering, and General Contracting Segments. During the 9-month ended 30 September 2023, the Group has secured new contracts amounting to RM858 million in 2023. Including the projects carried forward from the previous years, our total orderbook stood at RM2.56 billion of which RM1.51 billion remains outstanding.

Prospects in the Industrial Gases division remain positive as demand for liquid carbon dioxide (LCO2) increases in tandem with the recovery in economic activities. We are also experiencing growing export demand for LCO2 from Oceania countries. To cater this increased demand, our second LCO2 plant in Kerteh will more than double the production capacity, further enhancing the industrial gas division's financial performance starting from 4Q2023.

Additionally, the commencement of our second on-site gas supply scheme in 1Q2024, to supply hydrogen, nitrogen, and oxygen for an optoelectronics semiconductor giant in Kulim, Kedah, will also contribute positively to the Group's earnings visibility over the next ten years.

Barring unforeseen circumstances, we are confident of delivering a commendable financial performance in FY2023 as we execute our existing orderbook across our key operating markets.

https://www.businesstoday.com.my/2022/04/26/kelington-could-generate-rm180-million-from-gas-supply-deal-for-semicon-plant-in-kedah/

Stock

2023-11-24 09:49 | Report Abuse

KGB’s 9MFY23 results beat expectations on margin expansion
stemming from account finalisation of a turnkey job and
accelerated billings from high-margin ultra-high purity gas system
projects. We raise our FY23-24F net profit forecasts by 45% and
53%, respectively, lift our TP by 53% to RM3.28 (from RM2.15) and
reiterate our OUTPERFORM call - Kenanga Research 24112023.

Stock

2023-11-23 20:21 | Report Abuse

Kelington Group's 3Q profit doubles to RM31.7m amid high demand for industrial gases
https://theedgemalaysia.com/node/691134