Airasia will be down hill

Car no growth already

Drop again Lau sai

Pharma have to be careful

Just like at macau

Singapore casino closure

Buy below 0.70 sen

Astro nta is less than current price. So down again

just like old day

WILL BE DOWN TO 2.90

Production will not increase. Only the CPO price is high.

Just keep. Is a trap for minority out from the co

already up 75% from 1.35 price

2.80

KUB also have plantation. how come the share price not yet moving

TCHONG Cash per share is 0.99

See when can sell the other mainly plantation asset since is too small. If can involve in sugar than good also as mention in the edge Saturday

A few major Singapore real estate investment trust mergers boosted transactions too, according to Tricia Song, head of research for Singapore at Colliers.

The biggest deal this year was the purchase of Mandarin Orchard for S$1.2 billion following the merger of OUE Commercial REIT and OUE Hospitality Trust. The group also bought the Crowne Plaza hotel at Changi Airport for S$486 million, in what was 2019’s third-biggest deal.

Barring an economic crisis, the near- to mid-term outlook for the hospitality market is favorable, said Christine Li, head of research for Singapore and Southeast Asia at Cushman & Wakefield Plc.

With some large bi-annual events and exhibitions making a return and new ones surfacing, 2020 is expected to be another bumper year, Li said.

Read more: Organizers Move Wellness Forum Venue to Singapore From Hong Kong A slew of new attractions should also help solidify Singapore’s position as a Southeast Asia tourism hub.

Resorts World Sentosa plans to add Minion Park and Super Nintendo World to Universal Studios Singapore, while the Mandai wildlife project should boost eco-tourism when it opens in 2023

SOP is in the B30

2.25NEXT LEVEL

The strategy is to differentiate than other player

Sop say there sell CPO to japan

Hopefully privatise the ijm plnt

That one is ijm corp

Rm4.70

IJM Plantations’ share price has been on a downward trend since early 2016, dropping from RM3.50 to below RM1.50, no thanks mainly to the soft crude palm oil (CPO) prices.

In August last year, there was news that IOI Corp Bhd and Hap Seng Plantation Bhd were eyeing IJM Plantation. Its market capitalisation was at RM2 billion then versus RM1.3 billion currently, which translates into a discount of over 35%.

Some quarters say the price is even more appealing now. That said, is IJM Plantations an attractive prospect that IJM Corp can marry off soon?

“It is rare to find a decent-sized estate that will be a meaningful addition to a larger plantation company’s portfolio. For IJM Plantations, aside from its size, it is also the locations [of its estates] and some parts of its estates are newly replanted,” says CGS-CIMB Research head of research Ivy Ng, who covers the plantation sector.

“It is unclear if a suitor will have the appetite to take over IJM Plantations’ entire portfolio as it has land in Malaysia and Indonesia and not everyone wants exposure to both markets. Plantation companies usually like to acquire assets that are close to their existing estates.

So, it will be interesting to see how a deal will be structured and how it will impact the price,” she adds.

Ng also points out that there is a moratorium on new planting. “If a plantation company wants to look at expansion, it might not be able to do so in Malaysia because of the lack of available land. Our minister [Minister of Primary Industries Teresa Kok] has indicated the plan to essentially restrict new planting.

From this perspective, if a plantation company wants to expand, believes in the growth of this industry and wants to acquire a decent-sized estate portfolio, IJM Plantations’ portfolio could represent an opportunity.”

Another analyst points out that, as with most M&A exercises, it all boils down to price and valuation.

“Everything has a price. If it’s a deal that makes sense for the buyer and seller, why not? More often than not, it is down to the price and what future value-add the acquisition can bring.”

so buy igb-pa or igbb

6.08

MBMR coming down.

MBM Resources (MBM) reported another strong set of results – 9M19 core net profit rose by 24% yoy to RM151m on higher revenue (+14% yoy) and higher associates and JV contributions (+25% yoy). we raise our EPS by 23-32% for 2019-21E, and maintain our BUY rating with a higher TP of RM6.00 (from RM4.55). At 6x 2020E PER, MBM’s valuation looks attractive.

KUALA LUMPUR: MBM RESOURCES BHD
image: https://cdn.thestar.com.my/Themes/img/chart.png

's earnings should be boosted in the final quarter of the year on the back of year-end sales and the inclusion of the Perodua Axia facelift deliveries, says RHB research.

According to the research house, Perodua has received over 20,000 bookings and delivered 10,400 units of the facelift model since launching it in mid-September.

Meanwhile, MBM's Volvo sales are also expected to do well with its wider range of products at a more competitive pricing.

"We increase our FY19F-21F earnings slightly by 5%, 2% and 2% respectively, imputing a more optimistic margin assumption," said RHB.

It maintained its buy rating on the stock with a target price of RM4.95.

For 3Q19, MBM posted core earnings of RM56.2mil, which was 38.4% higher year-on-year (y-o-y) and 3.6% higher quarter-on-quarter (q-o-q).

With a cumulative 9M19 core net profit of RM151mil, the earnings was within RHB's estimates but above consensus expectations at 75% and 80% of full-year forecasts respectively.

Perodua's associate contribution in the quarter improved 37% y-o-y and 7.9% q-o-q, likely due to higher sales volume and better product mix, said RHB.

The motor trading division also performed better, in tandem with stronger sales volume of MBM related brands, it said.
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Read more at https://www.thestar.com.my/business/business-news/2019/11/22/mbm-resources-may-see-earnings-boost-in-4q#Tc8VvD4F8PECsRHI.99

must be big issue

I think will down to 3.50

UMW revises Q2 results
Last update: 20/11/2019
KUALA LUMPUR, Nov 20 -- UMW Holdings Bhd has revised its second quarter (Q2) ended June 30, 2019 results as it had inadvertently omitted an elimination for the reversal of provision for a financial guarantee amounting to RM27 million in the earlier results announcement.

This has given rise to an adjustment being made to the group’s profit before taxation from RM179.1 million, as disclosed in the earlier announcement on Q2 results dated Aug 27 to RM152.1 million under the revised financial results.

In an announcement on Bursa Malaysia today, UMW said relevant consequential amendments to Q2 results have also been made accordingly, where its profit after tax and minority interests (PATAMI) for Q2 2019 is now adjusted from RM84.2 million to RM57.2 million.
We’re cutting you a deal. The Great British Deal.
Sponsored by MINI Malaysia


The Q2 2019 earnings per share was also adjusted from 7.21 sen to 4.90 sen.

“The board, via its Audit Committee, wishes to emphasise that it views the incident seriously and has instructed the management to conduct an in-depth review of all processes to ensure that sufficient controls are in place.

“The management has also taken immediate steps to strengthen the group’s financial disclosures to ensure such incidents do not recur,” the company said.

The company assured that this incident relates to a singular item and does not affect the accuracy of any other published announcements.

“UMW is fully dedicated to its responsibilities as a public listed company and committed to continue upholding best practices in corporate disclosure,” it added.

In a separate announcement, UMW reported a revised Q2 net profit was RM57.19 million compared to RM124.38 million in the same period last year.

Previously, it announced a Q2 net profit of RM84.19 million.

For the six-month period ended June 30, 2019, its net profit was revised down to RM143.69 million from a higher profit of RM170.691 million announced previously.

-- BERNAMA

look like today EPF Selling

So nothing to shout about. I think the price already factor in

Within the five years pharmaniaga better be prepare or else will die

have to be careful. what worry is if not accept

i think the minsitry want to buy for themselve. so there just announce the negative news.

EPF STILL A LOT, TABUNG HAJI

Pharmaniaga, in collaboration with the Health Ministry, was also tasked to develop, implement and maintain the Pharmacy Information System (PhIS), a homegrown system for all government hospitals and health facilities. Completed in 2016, the system reduces wastage through optimal inventory management, lowers the risk of products being expired and minimises medication errors.

ok

2.15

BANKING STOCK WILL BE DOWN DUE TO FINTECH COMPETITION

2.45

Caring has expanded its store network from 46 in 2010 to having a total of 125 outlets in 2019.
As of 1 October 2019, Caring is worth RM 446.30 million in market capitalisation. On 30 August 2019, Caring’s three largest shareholders are as follows:

a.) Motivasi Optima Sdn Bhd - 50.35% - Chong Yeow Siang, Soo Chan Chiew, Tan Lean Boon and Ang Khoon Lim are substantial shareholders of Caring through their stakes in MOSB. As I write, they are members of the company’s board of directors.

b.) Perbadanan Nasional Bhd - 9.61%

c.) Jitumaju Sdn Bhd - 5.29%
Tan Sri Dato’ Seri Vincent Tan Chee Yioun is a substantial shareholder of Caring with a total of 8.90% indirect shareholdings where his stakes are in Jitumaju, U Telemedia Sdn Bhd & Convenience Shopping (Sabah) Sdn Bhd presently.

Five Years Transformation Plan
Caring is embarking on a five-year transformation plan starting in 2020, where it intends to increase its revenue from around RM 600 million in 2019 to as high as RM 1 billion by 2024.

From 2014 to 2019, Caring has generated RM 125.2 million in positive cash flows from operations, RM 11.6 million;interest income and RM 43.8 million from the IPO listing.

Out of RM125.2 million, the compnay has spent RM 35.4 million in net capital expenditures (CAPEX) and RM 31.6 million in dividends to its existing shareholders.

As of 31 May 2019, Caring has RM 153.47 million in shareholders’ equity and RM 7.77 million in non-current liabilities . Thus, its gearing ratio is 5.06%. At that time, Caring has RM 121.27 million in current liabilities and RM 243.07 million in current assets.

Overall, Caring has raised its cash balance from RM 77.9 million in 2013 to RM 131.3 million in 2019. Hence, Caring has built itself a solid record of bringing in positive cash flows from operations and opted to split the proceeds half for CAPEX and dividend payments and the remaining half to be retained within its bank account during the period.

Dow jone up

KUB Power Sdn Bhd is involved in all scopes of work within the power industry, including substation and transmission line construction, the supply and installation of electrical infrastructure for private companies and electrical maintenance contracts.

It has completed several notable projects including the 500kv Switchyard Erection, Testing and Commissioning for TNB Janamanjung Power Station Perak, and the supply and erection of two 132/33/11kV substations including switchgears, ancillaries and civil works at Ulu Melaka, Langkawi and Bukit Mertajam, Seberang Prai for Tenaga Nasional Berhad.

KUB Power will undertake a joint venture with Konsortium Kontraktor Melayu (Malaysia) Berhad. This JV is the anchor company entrusted to nurture SME electrical contractors while helping to expand Bumiputera company participation in other sub-sectors of the power industry such as trading, manufacturing and privatisation.

i think the fiber issue is just an allocation. the rural one will use vsat which benefit TM. but connection is an issue due to latency of the vsat service.