https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3341863
The Board of Directors of Focus Point Holdings Berhad ("the Company") is pleased to announce that the resolution as set out in the Notice convening of the Extraordinary General Meeting ("EGM") dated 17 March 2023, was duly passed at the EGM of Company held earlier today, 4 April 2023.
PROPOSED BONUS ISSUE OF UP TO 131,999,790 NEW ORDINARY SHARES IN FOCUS POINT ("FOCUS POINT SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 5 EXISTING FOCUS POINT SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF SHARES")

https://fifthperson.com/2021-ajinomoto-malaysia-agm/
The company has spent RM355 million on its new plant in Techpark@Enstek, Bandar Baru Enstek, Negeri Sembilan. The plant will be completed by 2022 as the construction activities were delayed by various phases of lockdowns. The expansion will leverage Techpark@Enstek as a halal hub to further solidify the company’s position as a halal food manufacturer and expand its reach to more Islamic nations. Company secretary Chua Siew Chuan responded to Minority Shareholder Watch Group (MSWG) that the production capacity of the new plant will be at least 20% to 35% higher than that of the old one. Solar panels will also be installed at the new plant to achieve some cost savings. The annual depreciation charges on property, plant, and equipment will increase by between RM10 million and RM50 million.

Prospect: The higher US furniture sales were driven by the Covid-19 recovery stimulus and high demand following the lockdowns. Although purchase orders particularly from US customers remain strong, going forward we expect the continuous inflationary pressures may somewhat dampen demand.
Nevertheless, the ongoing trade war between the United States and China, the Russia-Ukraine
conflict and the resulting sanctions have driven importers to secure their sources of supply from SEA countries, including Malaysia

sell down due to OEM at China lockdown or shipment issues?

@hng33, wheat is input to MFlour, thought it is -ve?

USD200 mil contract from Lukoil, press release in Apr 2012

https://www.nst.com.my/business/2022/03/781079/russia-ukraine-conflict-raised-concerns-about-bumi-armadas-exposure-russia
Bumi Armada has two subsea construction assets in the Caspian Sea or the Armada Installer and Armada Constructor, that have worked for Russia's vertically-integrated oil company Lukoil up to December 2018.
The company had recently secured a new contract to perform pipelay work for Lukoil that will begin in the second quarter (Q2) 2022.
Additionally, it said Bumi Armada sold its three ice-class offshore service vessels (OSVs) to Lukoil on January 20, 2022, for US$44.5 million.
However, the risks are manageable as Lukoil is not owned by the Russian state and has not been subject to the US or European sanctions, CGS-CIMB Research said.
"Importantly for Bumi Armada, the US$44.5 million proceeds from the sale of the ice-class vessels have been remitted to Malaysia and used to pare down its corporate borrowings.

"Also, the ongoing contract for the two subsea construction vessels is not material to Bumi Armada. Therefore, we believe the company has the right to claim the costs of all preparatory work done to date even if the pipelaying work is ultimately abandoned," it said.

CGS-CIMB Research anticipates Bumi Armada to proceed with the Lukoil work and that it may be possible to remit profits back to Malaysia via non-Russian banks' continued access to the SWIFT payments systems.
"Hence, the risks arising from the Russia-Ukraine war on Bumi Armada may be manageable, in our view," it said.

Bank Negara must review financing model for easier home ownership — PM | CEO Morning Brief https://ceomorningbrief.theedgemalaysia.com/article/2022/0329/Home/8/606987
to ensure financial institutions allow easier financing for the B40 and M40 groups to own People’s Housing Projects (PPR) units and other affordable homes. The focus will be on direct purchase and rent to own (options),” Ismail Sabri said
Positive to Lagenda Scientex Matrix

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/sonos-sounds-warning-on-congestion-container-costs-61409004
The difference has been accounted for by imports from Taiwan, which reached 35.4% of the total in the past three months, as well as a small but growing component from Malaysia. That process has also included a shift away from Inventec as the company's main supplier to also include Wistron for supplies from Taiwan

good points Jeffbkt! Another reason simply to push lower by operator so as to collect cheap tickets, triggered low cut loss 398 by AmInvest last Fri. Anyway FPI surged more than 50% since QR out in Aug, it is quite normal for correction as some opt to take profit in case coming QR below expectation

Old story by HLIB on 8thOct2021:
3Q updates and expectations. Despite longer restrictions from NRP Phase 1, management shared that sales and construction activities have been better QoQ driven by strong demand for affordable housing. We gathered that it will be a flattish QoQ (if not better) as the company is ramping up its operation activities following the higher workforce vaccination level (close to 100% fully vaccinated) and easing of restrictions since mid-Aug. Management shared that sales momentum were strong since July despite the lockdown evidenced by c.RM1bn of bookings and confirmed sales achieved YTD. With historical conversion rate of >90%, we believe Lagenda may exceed its sales target of RM1bn.
https://klse.i3investor.com/blogs/hleresearch/2021-10-08-story-h1591962521-Lagenda_Properties_Affordable_Housing_Demand_Still_Strong.jsp

https://ceomorningbrief.theedgemalaysia.com/article/2021/0256/Home/13/587539
Property. The focus here is mainly on increasing supply of affordable housing (a target of 500,000 homes under the 12MP) and access to financing for buyers. This push should be beneficial for developers focusing on the affordable housing space (such as Matrix Concepts Holdings Bhd and Lagenda Properties Bhd), Scientex also.

With savings from utility bills over the long term, Lagenda Properties' homebuyers will ultimately enjoy lower cost of living, adding to the attractiveness and affordability of our projects.
https://www.theedgemarkets.com/article/lagenda-properties-partners-solarvest-build-sustainable-affordable-township-perak?type=malaysia
Good move by management

terence775, latest QR E&E segment NP down 67% from 3.5mil to 1.3mil compared with last Quarter ended in Jan21 despite revenue increased, margin impacted by cost hike in raw material & shipping? No explanation in QR.
2ndly, any impact to Dnonce plants at Sadao & Ayutthaya so far, as Thai imposing partial lockdowns in Bangkok and nine other provinces since last week?
https://www.reuters.com/world/asia-pacific/thailand-reports-daily-record-coronavirus-infections-2021-07-16/

https://www.voanews.com/covid-19-pandemic/vietnam-announces-lockdown-vaccination-goals
two-week lockdown on movement in Ho Chi Minh City
Any impact to Magni?

52 booking voucher sold at Shopee sold :)
https://shopee.com.my/Lagenda-Teluk-Intan-Booking-Voucher-i.376486682.5088071581

https://www.theedgemarkets.com/article/top-glove-says-production-hurt-us-ban?type=malaysia
gloves manufactured from its factories located in China, Vietnam and Thailand can continue to be shipped to the US. “[Only] production in Malaysia is somehow temporarily affected by a certain percentage.
Should not have any impact to Dnonce at Sadao Thai.

http://www.mywinshine.com/profile.htm
Very good info about Jaycorp, acquires WinShine on 16 May 2000.
1. JV with Indon has secured the concession from the Indonesia Government to fell the rubber tree for 70 years starting from 2004. This concessionary has assured the group of uninterrupted Long Term Sustain Supply of Solid Plantation Rubber Wood for its production.
2. Competitive edge of Jaycorp Group over its competitors in the market:
• Long Term Uninterrupted Solid Rubber Wood Supplies with various strategic partners such as Indonesia State Enterprise and Small Holder Enterprise in Malaysia.
• Largest Rubber Plantation Owned (through a JV Partner in Indonesia) by a Furniture Manufacturer.
• Strong Integrated Manufacturing Capabilities from raw material supplied to end product.
• Effective Cost Control internally as well as out-sourced certain manufacturing process to specialized sub-contractors.
• Constantly invest in latest machinery and technology to increase the productivity and efficiency.
• Furniture Packaging Solution Specialist within the group by having the packaging arm.
• Production Specialization by segregating production line specializing in one process to achieve economy of scale, quality control and minimize wastage.
• Strong Design Capability
• Strong financial position of the group
• Dedicated sub-contractors work solely and partner with the group and to ensure quality control and on time delivery of furniture parts.
3. To meet the challenges demanded by its Japan customers, YAW’s management and technical staff had from time to time traveled to Japan to study in depth technical and quality control applies in a furniture manufacturer. Japan Nitori should be their major customer in Asia region, 78% of total revenue in FY2020.
4. US customers: Walmart Store, Target Store, Metro Group, Coaster

https://www.theedgemarkets.com/article/jaycorp-temporarily-shuts-down-subsidiary-johor-after-55-workers-test-positive-covid19?type=malaysia
Close for two weeks. The management, however, does not expect any material impact to its financial performance

Surprise still able to produce good profit while Liihen poor result due to container price & raw mat hike, labor shortage. But QoQ flat, below expectation. Annualized base on current Q EPS, price 310 at forward PER8x. Inventory double, should be good order in hand, can hold.

KGS always traded well below PER20x before they won SMIC contract, and the goreng theme dry ice, no doubt their LCO2 has good prospect & potential in F&B

RHB report, main reason of heavy sold down:
In yesterday’s quarterly results call, KGB said it lost the bid for SMIC’s (981 HK, NR) c.CNY100m hook-up jobs. This is a negative surprise, as it was the front-runner, being the FY20 incumbent hook-up contractor. We understand that the winning bid – by a Taiwanese rival company – was aggressive, and KGB opted to walk away. Management plans to channel its resources into more lucrative base-build jobs later this year. While orderbook prospects remain strong, on robust fab capacity expansions, we think the loss could affect its chances of securing subsequent jobs, on heightened competition. Base-build jobs command higher margins, but could be of lower value when parcelled out (MYR50-60m), suggesting some dilution to ultra-high purity (UHP) margins. Note that c.25% of FY20 group revenue was from SMIC, which guides for a 25% YoY
capex decline for FY21F.
TP183 at PE 22x FY22F

Dip with volume, not a good sign. Likely Aberdeen continues to reduce their position due to stretched valuation, sold 773k shares on 2ndMar

downtrend though good result & gearing is improving, and CPO price is still well above RM3k/mt vs RM2.7k/mt used by HLIB to reach TP138 in Jan, any one mind to shed some lights?

Alfred had shared that PAT up due to improved productivity and operational efficiency.
In the midst of expanding its facilities in Pasir Gudang with another 378,000 sq ft of space.
“We are still looking for more factory space to increase our production capacity,” said Foo.
On its outlook, the group remains optimistic based on its main customer’s strong order forecast.
“In addition, the company foresees production of new customer projects to ramp up and contribute more significantly in the coming months.
https://ceomorningbrief.theedgemalaysia.com/article/2021/0140/Home/8/556010#.YDWYur2JgPs.whatsapp

6.6mil profit from JV repeatable? Still good but not superb result if this is excluded

exclude other income last Q 14mil vs 10mil this Q, QoQ up >10%, profit improves even revenue down QoQ, well done!

last Q record high profit, QoQ flat & margin maintains, acceptable and looks like profit is sustainable, not due to backlog.
1ct div, expect 6 cents this year, 7% DY at price 85

new to consider new shares added, diluted EPS 12.08 sen as per QR

it looks to me the ex MD is the key man for its turnaround/new plant at P. Indah; spearhead grow in export market, 60% of total revenue in FY2019.
AR2019: he also oversees the launch of new products in existing and new markets for brands
owned by the Group in overseas markets.'
Another worry is whether frozen food demand can be sustained post Covid 19.
Globally, Grand View Research forecasts the frozen food market to grow at a CAGR of 3.4% to US$380bil from 2019 to 2027 (The Star)

Downtrend cos of experienced MD resigned?
https://m.malaysiastock.biz/Company-Announcement.aspx?id=1285316
Reason of new CEO onboard recently,

PBT for the current quarter was RM44.64 million which was 6% lower than RM47.27 million
achieved in the preceding quarter ended 31 July 2020. If the insurance compensation of RM7.62
million recognised in the preceding quarter was excluded, the PBT for the current quarter was 13% or RM4.99 million higher

https://www.theedgemarkets.com/article/part-expansion-strategy-wegmans-acquires-90-stake-spare-parts-manufacturer-rm162-million?type=malaysia

disposal of South Island Garment, expect one off gain of 15.4mil next Q

https://klse.i3investor.com/blogs/kianweiaritcles/2020-09-12-story-h1513463144.jsp
1. 美中贸易持续摩擦造成外国订单转移至大马，让本地业者从中受惠。加上自6月市场重开后，企业的出货订单非常强劲，目前的积压订单长达四个月
anyone who could confirm that management mentioned 4months backlogs in the AGM?

https://news.nike.com/news/nike-inc-reports-fiscal-2021-first-quarter-results
1. digital sales increased 82 percent, or 83 percent on a currency-neutral basis, with double-digit increases across North America, Greater China, and APLA and triple-digit growth in EMEA
2. Diluted earnings per share for the quarter was $0.95, up 10 percent

Okang thanks for sharing the info, appreciate it!

https://www.thestar.com.my/business/business-news/2020/07/06/rhb-raises-earnings-forecast-on-ock-tp-at-68-sen

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E4%BA%A7%E5%93%81%E7%83%AD%E9%94%80-%E8%AE%A2%E5%8D%95%E5%A4%A7%E5%A2%9E-%E5%AE%B6%E5%85%B7%E4%B8%9A%E9%80%86%E5%8A%BF%E7%96%AF%E8%B5%B6%E5%B7%A5
furniture good biz since Apr esp those mid to low cost types, orders from Europe & US also up

https://www.facebook.com/rhresearch/posts/2792220174122917
AGM Sept 2019
Butadiene, only small ingredient for NBR. Not much improvement in profit margin even butadiene price downtrend

Petra loss making, guided words in May QR: This is mainly due to deferment in client’s activities executed for HuC/TMM contracts, revision of activities budget by client, coupled with delay in mobilisation of the Group’s marine assets in view of the global Covid-19 pandemic and decline in oil price throughout the quarter.
No surprise to see similar situations facing by Dayang

https://www.theedgemarkets.com/article/mco-muar-woodbased-industry-expects-lose-rm500-mil-revenue?type=malaysia
Liihen could be one of those allowed to operate during MCO

https://www.schroders.com/zh-tw/tw/asset-management/insights/schroderxcw/in-depth-report/why-nike-still-be-positive-in-coronavirus/?p=true&utm_source=SRD_FB&utm_medium=post&utm_campaign=fbpost

https://finance.yahoo.com/news/nike-leaps-11-results-suggest-140018572.html
Magni should be doing good in next quarter if there is no concern on raw material

https://www.businessinsider.sg/wall-street-commentary-on-new-nike-ceo-john-donahoe-ecommerce-2019-10/?r=US&IR=T
Could online sales offset or cushion potential sales drop due to Nike's outlets closure by China & Europe?

https://www.theedgemarkets.com/article/goldman-says-oil-could-drop-us3-chinas-virus-spreads
oil sentiments affected by China flu

dairy products very competitive, high possibility of margin erosion

Mex min wages hike 20% last Mon, how much impact to Johotin JV at Mex?
https://www.nytimes.com/aponline/2019/12/16/business/ap-lt-mexico-minimum-wage.html

https://www.straitstimes.com/business/companies-markets/airbus-sees-strong-sales-haul-this-year-on-asia-demand-long-range-a321
likely that Sam's order book from Airbus & Boeying will contra each other

Thanks for the summary lcong123
https://finance.yahoo.com/news/nike-reports-2q-2020-earnings-results-211958398.html