await uptick in orders amid headwinds and this positive trend is expected to be further boosted by the upcoming Christmas and Chinese New Year festivals, which will result in earnings spilling over to the first half of 2024

heavy selloff this morning...

https://theedgemalaysia.com/node/691469

Gold and jewelry are a good hedge for current economic situation

Start rebounding as tropical wood demand will continue to grow

Can hit Rm1 is good enough 😋

when Sernkou's Q1 result out?

KYY are eyeing on steel industry currently. ha

Directors will buy back the shares at current price level I predict

Looks like investors are optimistic about its upcoming Q3 result

By looking at volume today, high probability the director is buying back the shares again

Good trade and deal, Silent 88888🤑

guess the director will come out and collect the shares again ..

Ranhill Utilities Bhd has signed a MOU with China Energy International Group Co Ltd for the development of a source-to-tap drinking water supply project in Indonesia as well as other projects in South-East Asia

https://www.thestar.com.my/business/business-news/2023/10/31/ranhill-signs-mou-with---------china-company

Good job SERNKOU 💪 Expect this company also can achieve this record in fy2024

or James Pxrn 😂

Nice quote from Warren Buffett 😂 it's truth, you can relax as long as you pick the right stocks

on the way breaking 1-month high

I guess those companies are doing upstream business, i.e. processing of tropical wood

After Israeli–Palestinian conflict breakout, gold in favor again. Ha

As this forms part of our order book replenishment assumption for PRW, we keep our projections unchanged at this juncture. Nonetheless, this is a positive development in sustaining RWSB’s contribution to the group,” Kenanga said.

“Having seen significant retracement in the past year, we think Ranhill’s share price is reaching an inflection point with the contraction in RSAJ’s earnings from a delay in tariff hike well priced in and reflected in consensus earnings revisions,” it added.

The research house expects the potential Ranhill SAJ tariff hike to be a key near-term re-rating catalyst.

It has maintained its “buy” call and SOP-derived target price at 67 sen.

As this forms part of our order book replenishment assumption for PRW, we keep our projections unchanged at this juncture. Nonetheless, this is a positive development in sustaining RWSB’s contribution to the group,” Kenanga said.

“Having seen significant retracement in the past year, we think Ranhill’s share price is reaching an inflection point with the contraction in RSAJ’s earnings from a delay in tariff hike well priced in and reflected in consensus earnings revisions,” it added.

The research house expects the potential Ranhill SAJ tariff hike to be a key near-term re-rating catalyst.

It has maintained its “buy” call and SOP-derived target price at 67 sen.

Kenanga Research estimated PRW’s order book to expand to RM328mil, equivalent to more than a year’s worth of PRW’s annual revenue.

The research house said the Kasawari CCS DED project is among the largest, other than the recently announced RM124mil contract for DED of a new P-82 floating production, storage, and offloading vessel (FPSO) for Petrobras.

“The bulk of the project is expected to be captured in FY23F. At an estimated project margin of around 9%-10% and based on Ranhill’s 51% stake in RWSB, we estimate the project to contribute RM2.6mil to Ranhill’s net profit, or 6% of FY23F earnings.

edged down this morning despite securing a RM50mil contract amid a cautious broader market.

The counter declined 0.5 sen, or 1.16% to 42.5 sen with 99,800 shares traded. It has appreciated 10.3% in the past one month.

Ranhill’s indirect subsidiary Perunding Ranhill Worley Sdn Bhd (PRW) has secured a RM50mil contract to perform detailed engineering design (DED) for Kasawari carbon capture and storage (Kasawari CCS).

FAST can increase its profitability in the oil bunkering area – which, as we previously stated, is projected to be quite excellent based on the current view – is one important point to look up for the company.

What's more significant to investors like us is that now is the perfect opportunity to buy shares since the price has been impeded by investors who totally don't comprehend what's going on. revenue for the segment was MYR 50.5 million.

good job maintaining the price although its friday, many has enter the game today, good momentum

whole market now moving slow, many un-sure factors, price wont move too much, my price is low enough, gonna sit tight wait see how it moves

no sudden surge of volume but everything seems stable, breakout signal anytime

after all, profit after 4 quarters are largely contributed by the company’s new oil bunkering and petroleum trading business segment, where this is expected to continue contribute positively to the company

if oil price barrel can maintain 80, this can positively impact as FAST serving the upstream clients

be rational, US side expecting a recession on next year, signs are showing

price cheap, volume coming, PM announced :D

cant wait to see today price movement

For the nine months ended Sept 30, its Patami increased by over three-fold to RM55.85mil from RM16.12mil while revenue soared by 49.03% to RM749.46mil from RM502.89mil.

As at Oct 31, Tomei has 58 stores across Malaysia with a target to hit at least 59 stores by end 2022.

Ng said Tomei will continue to adopt prudent measures to ensure that its financial position remains resilient despite the challenging market conditions and craft strategies to ensure long-term sustainability of its business.

The integrated gold jewellery manufacturer and retailer reported over fourteen-fold increase, year-on-year (YoY), in its profit after tax and minority interest (Patami) to RM14.32mil on the back of a 93.94% growth in revenue to RM217.4mil for the third quarter ended Sept 30.

Tomei Consolidated Bhd is on track to deliver its best-ever annual financial results since its listing with its consistent performance in the financial year ended Dec 31, 2022 (FY22).

Tomei group managing director Datuk Ng Yih Pyng said Tomei had already surpassed its previous year’s financial performance.

“Nevertheless, we remain vigilant as the business outlook of the global economy is plagued with the tightening of monetary policies, escalating interest rates, and worsening supply chain disruptions.

However, bumper harvest of soybean and rapeseed for the current season and the looming economic turmoil may weaken the support on palm oil prices,” the statement said.

The group’s FFB production in Indonesia is expected to improve with its favourable age profile and higher harvesting area but largely moderated by the current wet weather. Its operations in Malaysia, on the other hand, may record a setback as it continues with its replanting activities, it said. - Bernama

However, revenue rose 12 per cent to RM822.37 million versus RM732.82 million previously, it said in a filing with Bursa Malaysia today.

"The better performance was mainly buoyed by higher sales volume in the plantation segment and higher pricing of products in the downstream manufacturing segment,” it said in a statement.

On a nine-month basis ended Sept 30, 2022, its net profit widened to RM415.56 million from RM270.58 million on the back of revenue rising 16 per cent to RM2.40 billion from RM2.06 billion in the preceding year.

Genting Plantations Bhd’s net profit for the third quarter ended Sept 30, 2022 (Q3 FY2022) slipped to RM75.49 million from RM102.22 million in the same quarter last year on account of higher production costs.

hope investors from other countries wont lose hope on us yet, we are almost there, almost there..

now seems like BN is more incline to PH, omygard this drama is dragging too long

4pm, 4pm we will get 1pm, hope this time betul betul

2 years ago we have Operasi Sheraton, today we got ourselves Operasi Seri Pacific

well, personally when it comes to undi, i dont really like blue colour :)

same , will reconsider later when market turn better or when my alert signal goes off

bro where got limit up bro, sensible lah no news no nothing now

ada game lagi ?

wahhhhh 0.1 :/

dsonic ada power lagi ke
??

macam ada drama

The results, for the property sector we get an R2 of 0.20 which indicates that there are many counters in the property market that are richly priced and many are also poorly priced. This I cannot say for the plantation sector of R2 of above >0.90 where it looks like the market has efficiently priced the plantation sector.

Property stocks under the regression line would be considered undervalued versus its peers that are on the line or above it. Conclusively, there are higher chance of hunting for value stocks in the property sector right now.