HARTA is poised to surge due to reasons below:

1. Next quarter earnings will improve somemore as earnings rebound has just started. Why? Because HARTA is the most efficient glove players and they are going to use technology to become more cost efficient. They will close their old plant and deploy latest tech machines to make gloves at best cost and highest quality.

2. Foreigners have started buying HARTA.

3. Most brokers call SELL. This means all negativity already there. When one broker upgrade to Buy, then this stock will fly.

4. Technical chart looks good. It is above all Moving Averages. Long Term, Short Term,... u name it.

5. Price is still 50%-70% below pre-Covid level of RM4.50 to RM6.00. This is the only glove stocks that did not do bonus issue so it is an apple to apple comparison. Breaking RM2.30 is just the beginning.

6. Fengshui super good now - Yesterday price was up 19 sen and 8.88%. Wah super ONG number!

RHB sector update on property.

Top picks = UEMS + SUNWAY + AME ELITE

SUNWAY TP RM2.67, 45% Upside!

Maintain OVERWEIGHT. We are upbeat on the outcome of the recent
meeting between Malaysia and Singapore. Both governments have
committed to accelerate the progress of the Johor-Singapore Special
Economic Zone (SEZ), with further updates/details regarding tax incentives
and cross-border electricity trading expected to be announced in the coming
months. The leaders strongly emphasised the aim to smoother trips for
people and transportation of goods. Companies that can potentially benefit
significantly include UEM Sunrise, Sunway and AME Elite Consortium.

MoU to be signed on 11 Jan 2024. Both governments have announced
that an MoU on the SEZ is expected to be signed on 11 Jan 2024, as
officials on both sides are currently conducting a feasibility study on the SEZ
to determine interest from investors and market demand. We believe
developers with landbank near the border (causeway and the Tuas link)
should benefit given the focus on “ease of travelling of goods and people”.
The greater connectivity and industrial activities should lead to higher
demand for residential and commercial properties in the future.

Directors and owner keep on buying :


Name Details of Changes
Date Type No. of Shares Price
MR TAN POAY SENG 04-Oct-2023 Acquired 80,000 1.949
MR TAN POAY SENG 22-Sep-2023 Acquired 189,300 2.008
MR TAN POAY SENG 21-Sep-2023 Acquired 52,000 1.984
TAN SRI DATO' SERI TAN KOK PING 19-Sep-2023 Acquired 80,000 2.010
MR TAN POAY SENG 11-Sep-2023 Acquired 92,200 1.920
MR TAN POAY SENG 08-Sep-2023 Acquired 78,500 1.905
MR TAN POAY SENG 07-Sep-2023 Acquired 55,000 1.914
MR TAN POAY SENG 05-Sep-2023 Acquired 34,900 1.919
MR TAN POAY SENG 04-Sep-2023 Acquired 56,100 1.910
MR TAN POAY SENG 30-Aug-2023 Acquired 182,000 1.900
MR TAN POAY SENG 28-Aug-2023 Acquired 109,000 1.920

This company pays dividend every quarter:

11-Sep-2023 25-Sep-2023 DIVIDEND Interim Dividend RM 0.0280
26-Jun-2023 10-Jul-2023 DIVIDEND Fourth Interim Dividend RM 0.0250
08-Mar-2023 24-Mar-2023 DIVIDEND Third Interim Dividend RM 0.0200
12-Dec-2022 27-Dec-2022 DIVIDEND Second Interim Dividend RM 0.0230
12-Sep-2022 27-Sep-2022 DIVIDEND Interim Dividend RM 0.0220

Sunway will get back the RM64m deposit.
Share price before this issue surface was RM2.00-2.10 range

Penang Development Corp to fully refund Umech Land deposit

KUALA LUMPUR (Oct 24): Penang Development Corp (PDC) will be required to fully refund the deposit paid by Umech Land Sdn Bhd amounting to RM64.60 million following the termination of the joint development agreement (JDA) for the development of Batu Kawan Industrial Park 2 (BKIP2).

In a filing with Bursa Malaysia on Tuesday, Sunway Bhd confirmed that its 70%-owned subsidiary Umech Land received a notice of termination of the JDA from PDC last Friday.

"Pursuant to the notice of termination, the JDA shall be terminated on the expiry of 90 days from the date of the notice of termination," Sunway said, adding that PDC will fully refund the deposit within a period of 30 days from the date of termination of the JDA.

https://theedgemalaysia.com/node/687457

Remember the healthcare IPO plan which is planned for 2025 / 2026.

https://themalaysianreserve.com/2023/02/09/a-healthcare-giant-in-the-making/

Given Sunway Medical’s plans to have over 2,000 operational beds by 2025, we believe that the company, when listed at the right time, will easily achieve the valuations of its peers.

Sunway PE: 14x
KPJ: 24x
IHH: 25x

Singapore household electricity, gas bills to rise as tariffs go up in Q4

HOUSEHOLD electricity and gas bills are set to rise in the fourth quarter of 2023, following an increase in tariffs announced by state energy suppliers on Friday (Sep 29).

From Oct 1 to Dec 31, the electricity tariff before the 8 per cent goods and services tax (GST) will go up by an average of 3.7 per cent or 0.98 Singapore cent per kilowatt-hour (KWh) from the previous quarter. This means the electricity tariff before GST will increase to 28.7 cents per KWh from 27.74 cents.

For families residing in Housing and Development Board four-room flats, the average monthly electricity bill will rise by S$3.57 or 3.5 per cent before GST.

https://www.businesstimes.com.sg/singapore/singapore-household-electricity-gas-bills-rise-tariffs-go-q4

@dragon the source is Simplyy Wall St website, not from me.

For some reason I cannot paste the link here

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at YTL Power International Berhad (KLSE:YTLPOWR) so let's look a bit deeper.

Understanding Return On Capital Employed (ROCE)
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for YTL Power International Berhad, this is the formula:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

0.072 = RM3.7b ÷ (RM59b - RM8.2b) (Based on the trailing twelve months to June 2023).

Thus, YTL Power International Berhad has an ROCE of 7.2%. In absolute terms, that's a low return, but it's much better than the Integrated Utilities industry average of 5.2%.

View our latest analysis for YTL Power International Berhad

roce
KLSE:YTLPOWR Return on Capital Employed October 11th 2023
In the above chart we have measured YTL Power International Berhad's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering YTL Power International Berhad here for free.

What Does the ROCE Trend For YTL Power International Berhad Tell Us?
While in absolute terms it isn't a high ROCE, it's promising to see that it has been moving in the right direction. Over the last five years, returns on capital employed have risen substantially to 7.2%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 25%. So we're very much inspired by what we're seeing at YTL Power International Berhad thanks to its ability to profitably reinvest capital.

The Bottom Line
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what YTL Power International Berhad has. Since the stock has returned a staggering 156% to shareholders over the last five years, it looks like investors are recognizing these changes. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.

The RTS and Coronation Square are major drivers of the Iskandar property market

KUALA LUMPUR: The Iskandar Malaysia real estate market is optimistic, owing to major developments in Johor and Singapore, particularly the Rapid Transit System (RTS) link.

The RTS link project is a four-kilometre-long railway shuttle link with two stations, one in Bukit Chagar, Johor Bahru, and one in Woodlands, Singapore.

The link will serve as a catalyst for the continued development of Johor Bahru and its surrounding areas. It will increase the value of property in southern Johor.

Malaysia Rapid Transit System Sdn Bhd is the developer and owner of the civil infrastructure for the RTS Link's Malaysian section, which is scheduled to open in 2026.

https://www.nst.com.my/property/2023/10/965751/rts-and-coronation-square-are-major-drivers-iskandar-property-market

IF there is one thing Malaysians take pride in (besides our endless food and racial unity) is definitely the healthcare system.

Based on a survey at research organisation Ipsos, Malaysia currently ranks third next to Switzerland and Singapore, ranking second and first respectively, for their reliable service.

It was reported that 68 per cent of Malaysians respondents said that they trusted the nation’s healthcare system to provide them with the best treatment, with widely accessible information.

https://www.thesundaily.my/style-life/going-viral/m-sian-pays-only-rm30-for-father-s-hospital-bill-praises-healthcare-system-HG11604773

RHB IB bullish on Iskandar Malaysia property market
It picks UEM Sunrise Bhd and Sunway Bhd as key players in the Johor real estate sector.

PETALING JAYA: RHB Investment Bank Research (RHB IB) feels optimistic on the Iskandar Malaysia real estate market, driven by major developments in Johor and Singapore, particularly the Rapid Transit System (RTS).

In a sector update today, the research house made the projection based on anticipated strong demand for projects located close to the RTS, and high spending power among Singaporeans.

It has maintained an “overweight” call on the real estate sector, identifying UEM Sunrise Bhd and Sunway Bhd as the major players in the Johor market.

https://www.freemalaysiatoday.com/category/business/2023/10/09/rhb-ib-bullish-on-iskandar-malaysia-property-market/

THE global healthcare rose significantly in the shadow of the 2020 pandemic, reaching an all-time high of US$9 trillion in 2020 or about 10.8 per cent of the global gross domestic product (GDP), according to the World Health Organisation (WHO).

This number continues to rise since 2020, and according to Kenanga Investment Bank Bhd’s research team (Kenanga Research), it is expected to reach a total of US$10 trillion by 2026, increasing from US$8.4 trillion in 2022, representing a compound annual growth rate of 3.5 per cent over a five-year period.

https://www.theborneopost.com/2023/10/08/strengthening-malaysias-healthcare-sector/

Positive catalysts for UEMS price today are:

1. Expectation for Budget 2024 (due on Friday)
2. Strong rebound in US market overnight
3. Feel good factor from BN win at Pelangai election - uncertainty removed for the next 4 years

TP 90 sen

Ipsos: Malaysians rank third highest globally for trust in healthcare system

KUALA LUMPUR, Oct 6 — Despite long wait times, Malaysians still have the highest confidence in the country’s healthcare system compared to the most of the world.

According to a study done by research firm Ipsos on healthcare systems, Malaysia is rated third after Switzerland and Singapore, which tops the list as second and first for their reliable service.


Based on the survey, 66 per cent of Malaysians rated the healthcare system to be good or very good in the country, while 71 per cent of Singaporeans and 68 per cent of Swiss feel the same about healthcare in their country.

https://www.malaymail.com/news/malaysia/2023/10/06/ipsos-malaysians-rank-third-highest-globally-for-trust-in-healthcare-system/94548

These catalysts will push UEMS price higher today:

1. BN win at Pelangai election
2. Strong US market increase on Friday night

TP 90 sen

Capital A delay PN17 upliftment submission so many times!

Shift to MESTRON for better future!
RHB report below.

MESTRON MK; Not Rated; Fair Value RM0.80

MYR0.80 FV, based on 27x EV/EBITDA, is in line with Mestron’s historical
mean and supported by the larger market capitalisation vs its closest peers
such as Lysaght Galvanised Steel (LYSA MK, NR) and Rohas Tecnic
(RTEC MK, NR) which trade at lower EV/EBITDA multiples. We believe the
premium is warranted given its leading position in the lighting pole industry,
the enviable FY22-25F core earnings CAGR of 32%, strong net cash
balance sheet and growing exposure to the renewable energy (RE)
segment which yields attractive EBITDA margin of >50%.

A leading local supplier of lighting poles. Mestron is the leading domestic
manufacturer and supplier of galvanised street lighting poles with a good
track record of executing key infrastructure and highway projects. The
revival of construction activities, renewed interest in the property sector as
well as government-led catalytic developments are expected to catalyse
demand for lighting poles. The group’s broader product mix (specialty and
decorative poles) and swift delivery timeline are a key competitive
advantage, in our view.

Riding on the coattails of JENDELA and 5G deployment. Mestron has
successfully delivered about 200 towers under Phase 1 of the National
Digital Infrastructure Plan (JENDELA) programme. We believe the group is
well positioned to capture additional site orders under Phase 2 with the
Government targeting 100% internet coverage by 2025. The ongoing 5G
deployment is an added bonus.

RE segment should drive new earnings leg up. Mestron has secured a
21-year Power Purchase Agreement (PPA) with TNB for its new 2.0MW
biogas plant which should contribute MYR6m and MYR2-3m in incremental
revenue and PAT under full capacity. The group is also involved in the Net
Energy Metering (NEM) and Self-Consumption (SelCo) schemes with
3.3MW in rated capacity capable of generating MYR1.8m pa in recurring
revenue from FY24F. We do not rule out Mestron securing further EPCC
jobs in the interim given the current tenderbook of c.MYR100m.

Earnings set to hit new highs. We project Mestron’s core earnings to grow
at a FY22-FY25F CAGR of 32%, premised on: i) The expansion of the RE
segment (maiden contribution from the biogas business in 2H23), ii) new
order wins for conventional and specialty poles under Phase 2 of JENDELA
and 5G network deployment, and iii) the recovery in the construction sector
which portends stronger orders from both the public and private sectors.

Key risks include lower-than-estimated earnings/margin, unexpected
delays, slowdown in the construction sector, and the spike in raw material
prices.

Top Glove so many quarter in loss. fundamentally worth the book value price of 59 sen.

Shift to MESTRON for better future!
RHB report below.

MESTRON MK; Not Rated; Fair Value RM0.80

MYR0.80 FV, based on 27x EV/EBITDA, is in line with Mestron’s historical
mean and supported by the larger market capitalisation vs its closest peers
such as Lysaght Galvanised Steel (LYSA MK, NR) and Rohas Tecnic
(RTEC MK, NR) which trade at lower EV/EBITDA multiples. We believe the
premium is warranted given its leading position in the lighting pole industry,
the enviable FY22-25F core earnings CAGR of 32%, strong net cash
balance sheet and growing exposure to the renewable energy (RE)
segment which yields attractive EBITDA margin of >50%.

A leading local supplier of lighting poles. Mestron is the leading domestic
manufacturer and supplier of galvanised street lighting poles with a good
track record of executing key infrastructure and highway projects. The
revival of construction activities, renewed interest in the property sector as
well as government-led catalytic developments are expected to catalyse
demand for lighting poles. The group’s broader product mix (specialty and
decorative poles) and swift delivery timeline are a key competitive
advantage, in our view.

Riding on the coattails of JENDELA and 5G deployment. Mestron has
successfully delivered about 200 towers under Phase 1 of the National
Digital Infrastructure Plan (JENDELA) programme. We believe the group is
well positioned to capture additional site orders under Phase 2 with the
Government targeting 100% internet coverage by 2025. The ongoing 5G
deployment is an added bonus.

RE segment should drive new earnings leg up. Mestron has secured a
21-year Power Purchase Agreement (PPA) with TNB for its new 2.0MW
biogas plant which should contribute MYR6m and MYR2-3m in incremental
revenue and PAT under full capacity. The group is also involved in the Net
Energy Metering (NEM) and Self-Consumption (SelCo) schemes with
3.3MW in rated capacity capable of generating MYR1.8m pa in recurring
revenue from FY24F. We do not rule out Mestron securing further EPCC
jobs in the interim given the current tenderbook of c.MYR100m.

Earnings set to hit new highs. We project Mestron’s core earnings to grow
at a FY22-FY25F CAGR of 32%, premised on: i) The expansion of the RE
segment (maiden contribution from the biogas business in 2H23), ii) new
order wins for conventional and specialty poles under Phase 2 of JENDELA
and 5G network deployment, and iii) the recovery in the construction sector
which portends stronger orders from both the public and private sectors.

Key risks include lower-than-estimated earnings/margin, unexpected
delays, slowdown in the construction sector, and the spike in raw material
prices.

Top Glove loss widened against last quarter, fundamentally worth the book value price of 59 sen.

Shift to MESTRON for better future!
RHB report below.

MESTRON MK; Not Rated; Fair Value RM0.80

MYR0.80 FV, based on 27x EV/EBITDA, is in line with Mestron’s historical
mean and supported by the larger market capitalisation vs its closest peers
such as Lysaght Galvanised Steel (LYSA MK, NR) and Rohas Tecnic
(RTEC MK, NR) which trade at lower EV/EBITDA multiples. We believe the
premium is warranted given its leading position in the lighting pole industry,
the enviable FY22-25F core earnings CAGR of 32%, strong net cash
balance sheet and growing exposure to the renewable energy (RE)
segment which yields attractive EBITDA margin of >50%.

A leading local supplier of lighting poles. Mestron is the leading domestic
manufacturer and supplier of galvanised street lighting poles with a good
track record of executing key infrastructure and highway projects. The
revival of construction activities, renewed interest in the property sector as
well as government-led catalytic developments are expected to catalyse
demand for lighting poles. The group’s broader product mix (specialty and
decorative poles) and swift delivery timeline are a key competitive
advantage, in our view.

Riding on the coattails of JENDELA and 5G deployment. Mestron has
successfully delivered about 200 towers under Phase 1 of the National
Digital Infrastructure Plan (JENDELA) programme. We believe the group is
well positioned to capture additional site orders under Phase 2 with the
Government targeting 100% internet coverage by 2025. The ongoing 5G
deployment is an added bonus.

RE segment should drive new earnings leg up. Mestron has secured a
21-year Power Purchase Agreement (PPA) with TNB for its new 2.0MW
biogas plant which should contribute MYR6m and MYR2-3m in incremental
revenue and PAT under full capacity. The group is also involved in the Net
Energy Metering (NEM) and Self-Consumption (SelCo) schemes with
3.3MW in rated capacity capable of generating MYR1.8m pa in recurring
revenue from FY24F. We do not rule out Mestron securing further EPCC
jobs in the interim given the current tenderbook of c.MYR100m.

Earnings set to hit new highs. We project Mestron’s core earnings to grow
at a FY22-FY25F CAGR of 32%, premised on: i) The expansion of the RE
segment (maiden contribution from the biogas business in 2H23), ii) new
order wins for conventional and specialty poles under Phase 2 of JENDELA
and 5G network deployment, and iii) the recovery in the construction sector
which portends stronger orders from both the public and private sectors.

Key risks include lower-than-estimated earnings/margin, unexpected
delays, slowdown in the construction sector, and the spike in raw material
prices.

NSTviral: Netizen shares good experience with Malaysia's healthcare system

KUALA LUMPUR: A social media post on the exceptional care offered by the Malaysian healthcare system, as well as its affordability, has caught the attention of netizens.

On the social media platform X, the netizen, Richard Ker (@richardker), posted about his 82-year-old father who recently went through a significant surgical procedure requiring local anaesthesia.

In the post which has since gone viral with over 180,000 views, he shared about the healthcare system in Malaysia, highlighting the remarkable care that his father received.
https://www.nst.com.my/news/nst-viral/2023/10/963393/nstviral-netizen-shares-good-experience-malaysias-healthcare-system

Positive JB retail market underpinned by upcoming RTS Link

KUALA LUMPUR (Oct 5): The Johor Bahru retail market landscape is poised for exciting growth with the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link, which is expected to transport around 10,000 passengers per hour in each direction, according to Allan Soo RE Consultants principal, Allan Soo.

In the presentation in Johor Bahru Retail Market Conference 2023 held in Kuala Lumpur on Thursday, Soo shared that the overall retail market in Malaysia started slowing down in 2Q2023. However, it is on the uptrend in Johor Bahru, thanks to the large primary catchment population of 1.08 million in the metro areas and Singaporeans, who make up at least another half a million of catchment population.

“It is supported by a secondary catchment population in the suburbs of 700,000. The city centre also benefits from a transient, travelers crowd, both from Johor and other states. The daily crossings (between Singapore and Johor Bahru) are 320,000. It is one of the busiest international crossings in the world. When the RTS is ready, the number will be even greater. There is no other (retail) market like this,” he shared.

https://theedgemalaysia.com/node/685022

Hospitals to gain from return of medical tourism

KUALA LUMPUR: Hospitals under IHH Healthcare Bhd and KPJ Healthcare Bhd appear to be going strong despite concerns about rising costs.

The demand for private healthcare is seen to be sustainable due to surging cases of chronic diseases across the globe, according to Kenanga Research.

Medical tourism have also returned to the country with much vigour, the research house said.

According to Kenanga Research, IHH is on track to meet its financial year 2023 (FY23) revenue per inpatient growth projection of 10% to 15%, following an 18% increase in FY22.

https://www.thestar.com.my/business/business-news/2023/10/04/hospitals-to-gain-from-return-of-medical-tourism

4) YTLDC will roll out total 500MW of green data centre over next 10 years with total investments of RM15 billion. The 1st phase of 72MW is under construction (48MW secured with SEA Group) and will start contributing earnings in early 2024.

Data centre means higher demand for transformers.

This is good for Success Transformers (SUCCESS, Stock code: 7207), this is a laggard for data centre play theme

Indo Tech Transformers June 2023 Sales at Rs 93.22 crore, up 72% Y-o-Y, net profit jump 188% Y/Y

Reported Standalone quarterly numbers for Indo Tech Transformers are:
Net Sales at Rs 93.22 crore in June 2023 up 72.37% from Rs. 54.08 crore in June 2022.

Quarterly Net Profit at Rs. 3.54 crore in June 2023 up 187.8% from Rs. 1.23 crore in June 2022.

https://www.moneycontrol.com/news/business/earnings/indo-tech-trans-standalone-june-2023-net-sales-at-rs-93-22-crore-up-72-37-y-o-y-11179361.html

Did you miss ITMAX which has surged a lot due to business in Johor? Want some other indirect proxy to UEMS/ Johor story?

SUCCESS is an indirect Johor proxy play. This company produces transformers which is used when Data Centre is built.

More data centre in Johor MEANS higher transformer demand MEANS higher earnings for SUCCESS.
Stock Code: 7207

Why does data center need transformer?
Transformers ensure stable power, distribute it efficiently, and protect data center equipment from electrical issues.

From its latest quarterly result...
"In the transformer products, we are experiencing robust demand from data centres, industrial machinery and the medical industry. The recent need for efficient cloud storage management has further driven growth of transformer demand in the data centre industry."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3381717

Did you miss UEMS which has quadrapled from 23 sen to 92 sen? Want some indirect proxy to UEMS/ Johor story?

SUCCESS is an indirect Johor proxy play. This company produces transformers which is used when Data Centre is built.

More data centre in Johor MEANS higher transformer demand MEANS higher earnings for SUCCESS.
Stock Code: 7207

Why does data center need transformer?
Transformers ensure stable power, distribute it efficiently, and protect data center equipment from electrical issues.

From its latest quarterly result...
"In the transformer products, we are experiencing robust demand from data centres, industrial machinery and the medical industry. The recent need for efficient cloud storage management has further driven growth of transformer demand in the data centre industry."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3381717

Case in point:
The top 6 lowest PE stocks in the list performance today: +0.2%
The 6 highest PE stocks: +3.6%

The 2nd highest PE stock UEMS +7% today!

Using only PE to evaluate property companies is not suitable because some have a lot of landbank to be developed in the future.

Did you miss UEMS which has quadrapled from 23 sen to 92 sen? Want some indirect proxy to UEMS/ Johor story?

SUCCESS is an indirect Johor proxy play. This company produces transformers which is used when Data Centre is built.

More data centre in Johor MEANS higher transformer demand MEANS higher earnings for SUCCESS.
Stock Code: 7207

Why does data center need transformer?
Transformers ensure stable power, distribute it efficiently, and protect data center equipment from electrical issues.

From its latest quarterly result...
"In the transformer products, we are experiencing robust demand from data centres, industrial machinery and the medical industry. The recent need for efficient cloud storage management has further driven growth of transformer demand in the data centre industry."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3381717

The most bullish Target Price by brokers is 92 sen and it is already hit. This is rare.

This is an indirect Johor play since most of the new data centre is setup / built in Johor.

Quarter will be in the red, just dont know whether smaller loss or bigger loss.

Jet fuel price has increased a lot after Brent Crude Oil surge

This company produces transformers, so it is a Data Centre and Cloud story.

Why does data center need transformer?

Transformers ensure stable power, distribute it efficiently, and protect data center equipment from electrical issues.

From its latest quarterly result...
"In the transformer products, we are experiencing robust demand from data centres, industrial machinery and the medical industry. The recent need for efficient cloud storage management has further driven growth of transformer demand in the data centre industry."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3381717

Johor's housing market is attracting property buyers from Singapore

https://www.nst.com.my/property/2023/06/919882/johors-housing-market-attracting-property-buyers-singapore

CHINESE stocks listed in Hong Kong advanced on Monday (Sep 4) after the nation rolled out further property support measures including lower down payments for homebuyers and looser mortgage rules at major cities.

The Hang Seng China Enterprises Index gained as much as 2.4 per cent, with property names China Resources Land and China Overseas Land & Investment leading the advance. A Bloomberg Intelligence gauge of developer shares jumped more than 5 per cent. The Hong Kong stock market was closed due to a typhoon on Friday. The CSI 300 Index of shares rose 1 per cent to add to Friday’s gains.

Shares of Country Garden Holdings jumped nearly 9 per cent. The distressed builder has wired a coupon payment coming due on a ringgit-denominated bond, according to people familiar with the matter.

Property Stocks Lead China Rally as Stimulus Measures Lift Mood

https://www.bloomberg.com/news/articles/2023-09-04/chinese-stocks-in-hong-kong-jump-after-more-property-easing?srnd=premium-asia

UEM Sunrise to exit South Africa with sale of Roc-Union stake for RM29.5m under strategic plan

KUALA LUMPUR (Aug 28): UEM Sunrise Bhd will be exiting the South African market with the proposed disposal by its indirect wholly owned subsidiary UEM Sunrise South Africa Proprietary Ltd of an 80.4% stake in Roc-Union Proprietary Ltd and claims of total shareholder advances worth 118.4 million rand (RM29.5 million).

https://theedgemalaysia.com/node/680428

Sold non core business to concentrate Iskandar development is positive to share price...

RHB Raise Sime Prop Target Price to RM0.93

Maintain BUY, with new TP of MYR0.93 from MYR0.67, 35% upside and
c.3% yield. 2Q23 earnings missed expectations, but we note that 2H is
typically stronger. With 1H property sales at MYR1.5bn, management
raised its sales target to MYR2.7bn (from MYR2.3bn). This is still
conservative, in our opinion, considering current bookings worth MYR1.9bn
to be (partially) converted to contractual sales in 2H. We raise our TP to
reflect better market sentiment ahead, given the lifting of the political
overhang post state elections.

China’s Country Garden says US$100 bil Forest City project in Johor on track

KUALA LUMPUR/HONG KONG (Aug 28): Embattled Chinese developer Country Garden said on Monday (Aug 28) that its US$100-billion Forest City project in Johor, Malaysia was proceeding as planned and it had sufficient assets, despite concerns over its financial strength.

“Our company’s projects in Malaysia are operating normally and the sales performance is strong,” the developer’s Singaporean and Malaysian unit said in a statement, adding that its overall operation in the region was “safe and stable”.

https://theedgemalaysia.com/node/680381

33 sen dividend ! Share price 70 sen. First time saw dividend yield almost 50%.

https://theedgemalaysia.com/node/680039

I anticipate exceptional earnings this week

RHB just upgraded the Target Price to 92 sen from 70 sen previously

Scientex partners Sime Darby Beyond Auto to promote EV adoption

KUALA LUMPUR (Aug 16): Scientex Bhd plans to establish electric vehicle (EV) charging stations at selected locations within its housing developments in Malaysia.

https://theedgemalaysia.com/node/678931

CGS-CIMB said cement industry's prospects will look brighter post the fourth quarter of calendar year 2023 once there is clarity on the MRT3, Bayan Lepas Light Rail Transit and HSR, which have a combined value of circa RM90 billion.

https://www.edgeprop.my/content/1906899/malayan-cement-key-beneficiary-hsr-and-mrt3-says-cgs-cimb

Hume Industries will also benefit because it produce cement like Malayan Cement

Hume Cement shares up 24% after 3Q net profit jumps 14-folds

HUME Cement Industries Bhd stock price surged 24% to RM1.19 with close to 4.3 million shares exchanging hands this morning, after third-quarter net profit jumps 14-folds to RM20.71 million.

https://themalaysianreserve.com/2023/05/17/hume-cement-shares-up-24-after-3q-net-profit-jumps-14-folds/

Scientex buys land in Johor Bahru city centre to build 12,000 affordable homes

Scientex has a lot of landbank in Johor too.

https://www.nst.com.my/business/2023/07/927665/scientex-buys-land-johor-bahru-city-centre-build-12000-affordable-homes

Perth property market predictions
Westpac has projected an annual price growth of 8.0% in Perth’s property market in 2023, followed by an additional 8.0% in the next year.

Supply issues, however, remain a challenge, with property listings on REIWA‘s website falling to a 13-year low this June.

https://thepropertytribune.com.au/market-insights/perth-house-prices-forecast-to-grow-by-8-next-year-and-population-set-to-grow/

Sunway is investing another RM169 million more in Iskandar

https://www.thestar.com.my/business/business-news/2023/08/14/sunway039s-unit-inks-share-transactions-agreement-with-iasb-and-sidsb

That means Johor property market is really positive, because Sunway won't simply spend money !

Hup Seng Industries reports over 2-fold profit jump in 2Q

Hup Seng Industries Bhd will focus on maintaining its market share and product competitiveness in order to increase the popularity of Hup Seng biscuits in the industry.

The food and beverage company expects the biscuits market to grow as it is a popular and alternative staple food.

“The group envisages that the industry is poised to continue to grow and evolve to meet the changing demands of consumers and will strive to continue to maintain and improve product quality,” it said in the notes accompanying its financial results.

https://www.thestar.com.my/business/business-news/2023/08/09/hup-seng-industries-reports-over-2-fold-profit-jump-in-2q