Cheer up Guys ...Mabel is still in Merdeka Mood...

Our Sheikh 3rd Lady, Lady Sapura Shines at Malaysia National Day Parade

Lady Sapura was honored as a Super VIP sponsor at the Malaysia National Day Parade, highlighting her significant role in the nation’s economic development. In Malaysia, Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) are crucial for orderly economic progress, and Lady Sapura stands out as a key GLC.

Different Approaches for Troubled Companies

When a large Bumiputera company faces challenges, their strategies differ from those of typical commercial entities like the AA Group. Tony Fernandes, for instance, has proposed listing on the Dow, selling the AA brand, and now selling assets to sister company AAX. Meanwhile, Lady Sapura is undergoing the largest corporate restructuring in Malaysia’s history. This is due to legacy contracts awarded during Tan Sri Shahril’s tenure, which involved significant risks for contractors.

Turning the Tide

Currently, Lady Sapura is renegotiating unfavorable contracts while completing ongoing projects. The company is making significant strides in its turnaround efforts and is on track to exit PN17 status next year. Key steps include debt restructuring, a robust business plan, and securing 75% lender support for the Proposed Restructuring Scheme (PRS)

Meow Meow Meow

https://www.youtube.com/watch?v=sim825dUWuc

Yes Tony, One day we going to get so high….

Malaysia Airlines has received multiple bailouts from the Malaysian government over the years. Here are some notable instances:

1998: During the Asian financial crisis, the government injected funds to help the airline cope with the economic downturn.
2002: Another bailout was provided to address financial difficulties and operational inefficiencies.
2014: Following the tragic incidents of MH370 and MH17, Khazanah Nasional, Malaysia’s sovereign wealth fund, took the airline private and implemented a RM6 billion restructuring plan.
2020: Amid the COVID-19 pandemic, the airline received additional financial support to navigate the severe impact on the aviation industry.

In total, it is estimated that the Malaysian government, through Khazanah Nasional, has injected around RM28 billion into Malaysia Airlines over the years.

https://www.nst.com.my/news/government-public-policy/2020/11/644614/rm28-billion-given-malaysia-airlines-so-far

Meanwhile more than 5 million Capital A was traded today. Remember Capital A is more than an airline. It is our investment holding with a broad portfolio of synergistic travel and lifestyle businesses. At least Magician Tony was braved and smart to turn a RM 1 Company into a World Best Low-Cost Airlines without any bail out from Malaysian Taxpayers so that Everyone Can Fly…

When this Airlines is out of PN17 next year, Foreign Fund will start buying this 15X World's Best Low-Cost Airline..

Last week, The top three sectors net bought by foreign investors were financial services (RM1.30 billion), utilities (RM259.7 million), and construction (RM88.7 million).

Captain Mabel Meow

The top three sectors net bought by foreign investors were financial services (RM1.30 billion), utilities (RM259.7 million), and construction (RM88.7 million).

First half dividend of RM0.27 announced
Shareholders will receive a dividend of RM0.27.
Ex-date: 13th September 2024
Payment date: 27th September 2024
Dividend yield will be 6.4%, which is higher than the industry average of 5.1%.

2Q24 results within expectations

CIMBs 2Q24 earnings were within expectations, but we raise our FY24-26E net profit forecasts by a marginal 3% respectively, to factor in lower credit cost assumptions. We roll forward valuations and raise our PBV target to 1.3x (1.1x previously), supported by a higher FY25E ROE of 11.2%. Our TP is raised to MYR9.20 from MYR7.70, with a prospective dividend yield of 5.7% for FY24E. BUY

Well Done Team!

1st accumulation for Capital A is secured at VWMA 20. Volume already breaches 3,000,000 shares. Collection continues. Now Every One Can Fly…

Capital A will breached 3,000,000 shares traded soon..hihihi

https://www.youtube.com/watch?v=sim825dUWuc

Yes Tony, One day we going to get so high….

Haha this weekend must have been the best weekend Mabel ever had since venturing into YTL Power..

Mabel can sleep like a baby...hihihi...

Haha Handsome sslee, more than 1 million shares traded oledi this morning...

Every one just want to fly...hihihi

Haha tomorrow Mabel also will put her que at 64 sen..

Please sell ya.. Hihihi...

The weekend engagement has been productive with Airlines Investors. In less than 15 minute after market open more than 500,000 Capital A shares are being traded. Despite Capital A climbing +0.65 %, many Investors are Buying this morning. Beside, Capital A could see better results in 3Q amid lower jet fuel prices, coupled with the ringgit's strength against the dollar. Time is about ripe to add more Capital A at VWMA 20. Now Every one Can Fly…

Haha tomorrow Mabel will put her que at 64 sen..

Please sell ya.. Hihihi...

Touche JrWarren!

Mabel can see you are pretty smart...

As far as Mabel is concern having two Wonderful Airlines is already good enough. Remember it was Khazanah who decided to take MAG private and Mabel is pretty clear that aviation business going to dispose soon by Capital A to AAX, thus her only focus on non-aviation part. If you are hardworking and smart enough, the non-aviation EPS has a story to tell, whether the current share price is under/overvalue is not a matter of concern as Mabel thinks it is still very much undervalued. After the restructuring, Capital A will retain its non-aviation businesses. This includes:

Santan: The in-flight food and beverage business, which has expanded into a restaurant chain.
Teleport: The logistics and e-commerce delivery arm.
BigPay: The financial technology (fintech) company offering digital banking services.
AirAsia Super App: The digital platform providing various services, including travel, e-commerce, and lifestyle offerings.
RedBeat Ventures: The venture capital arm investing in technology and innovation.
These businesses will continue to operate under Capital A, focusing on diversifying revenue streams and reducing reliance on the aviation. This is where the growth is going to happen.

However, as a shareholder of Capital A, Mabel will still retain some exposure to the aviation business even after the restructuring. Here’s how it works:

• Distribution of NewCo Shares: Capital A plans to distribute 73.33% of the shares of the new aviation entity (NewCo) to its shareholders via a capital reduction. This means for every 1,000 shares of Capital A you hold, you would receive up to 397 shares of NewCo.
• Retained Stake: Capital A will still own 18.39% of the new aviation entity. This retained stake ensures that Capital A shareholders continue to benefit from the aviation business’s performance indirectly.
• Strengthened Financial Position: The restructuring is expected to strengthen Capital A’s financial position by translating non-cash gains into its books and improving its equity position, which is crucial for lifting itself out of the Practice Note 17 (PN17) status.

In summary, while the direct ownership of the aviation business will shift to AAX, Capital A shareholders will still have significant exposure to the aviation sector through the distributed shares and the retained stake in the new entity. Mabel can now focus totally and rely on Well Proven Singapore Airlines which is the World Best Airlines. In addition

SIA has more than 20 subsidiaries that provide various aviation-related services, such as ground handling, catering, maintenance, repair, overhaul, cargo, and low-cost flights. SIA, or Singapore Airlines, is the parent company of SATS and SIA Engineering, which are both listed on the Singapore Exchange
• SIA owns 40.8% of SATS, which provides ground handling and catering services to airlines and airports.
• SIA owns 77.4% of SIA Engineering, which provides maintenance, repair, and overhaul services to aircraft.
• SIA also owns 100% of Budget Aviation Holdings, which operates Scoot, a low-cost subsidiary of Singapore Airlines. Scoot has a fleet of widebody Boeing 787 Dreamliners, single-aisle aircraft from the Airbus A320 family, and plans to add the Embraer E190-E2 in 2024.

Malaysia and Singapore are Truly Asia with Mabel Airlines Clear Blue Skies in 2024. With 3 International Awards, it’s 150%% Success Rate for Mabel Airlines to help everyone to fly...
• Malaysia AirAsia continued success being named the World's Best Low-Cost Airline in 2023
• Singapore Airlines continued success being named the World's Best Airline in 2023
• Singapore's Scoot taking the top title as the World’s Best Long Haul Low-Cost Airline in 2023

Captain Mabel Meow

Remember Capital A is more than an airline. It is our investment holding with a broad portfolio of synergistic travel and lifestyle businesses. At least Tony was braved and smart to turn a RM 1 Company into a World Best Low-Cost Airlines so that Everyone Can Fly…

Haha sslee tomorrow Mabel will put her que at 64 sen..

Please sell ya.. Hihihi...

#Sslee Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

Is capA after paying lease payment to lessors, will it be one of the most highest unit cost airlines?

Group’s YTD net cash from operations doubled YoY to RM2.1 billion.
Cash flow from financing activities
Repayment of lease liabilities RM (1,792,676,000)

CapA is too good to the lessors and still paying lessors RM (100,343,000 + 76,568,000) for non operating aircrafts in Q2 ended 30/6/2024.

As at 30/6/2024
RM'000
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)

Current lease liabilities RM 5,510,697,000

Can capA generate enough cash flow to pay the current lease liabilities?
Luckily revenue bond come to the rescue. So that capA can live to fight for another day.
01/09/2024 8:05 AM

Good Morning Handsome sslee,

Let Mabel try to answer on behalf of Tiger. Stand to be corrected...

Lowest Unit Cost Airline: CapA (Capital A Berhad) is recognized for its low unit costs, which is a significant competitive advantage. The management’s ambition, cost-consciousness, and forward-thinking strategies have contributed to maintaining these low costs.

Lease Payments and Unit Costs: Despite its low unit costs, CapA’s substantial lease payments to lessors could potentially increase its overall unit costs. The company paid RM 176.91 million for non-operating aircraft in Q2 20242. This indicates a significant financial burden, especially when these aircraft are not generating revenue.

Cash Flow and Lease Liabilities: CapA’s year-to-date (YTD) net cash from operations doubled year-over-year (YoY) to RM 2.1 billion. However, the company also has substantial lease liabilities, with repayments amounting to RM 1.79 billion. This raises concerns about whether CapA can generate enough cash flow to cover these liabilities.

Financial Health Indicators:

Net Current Liabilities: RM 13.48 billion
Total Equity: RM 11.24 billion
Net Tangible Assets (NTA): RM -2.12 per share
Current Lease Liabilities: RM 5.51 billion
These figures highlight a challenging financial position, with significant liabilities and negative NTA.

Revenue Bond: The issuance of a revenue bond has provided CapA with much-needed liquidity, allowing it to manage its lease liabilities and continue operations. This move is crucial for the company’s short-term survival and long-term strategic planning.

Conclusion
While CapA’s management has successfully maintained low unit costs and ambitious growth strategies, the substantial lease payments and high liabilities pose significant challenges. The company’s ability to generate sufficient cash flow to cover these liabilities will be critical. The revenue bond offers a temporary reprieve, but sustainable financial health will require continued operational efficiency and strategic financial management.

Now you know why Mabel thinks Tony is a Magician. Remember, the different between MAS and Capital A is MAS is backed by gov but Capital A is self funded. Now you know why Mabel salute Tony, Air Asia can still survive till now..........

Cheers!

Meow

While Mabel Airlines Capital A are making progress, Malaysia Airlines is currently facing significant challenges that have put it at a pivotal crossroads. The airline, once a top global carrier, is dealing with a crisis of confidence due to several operational issues. These include a shortage of skilled workers for aircraft maintenance and a lack of necessary parts.

Recently, the validity of Malaysia Airlines’ air operator certificate (AOC) was shortened to just one year, further impacting its reputation. The responsibility now lies with Khazanah, the airline’s major shareholder, and the board of directors to address these issues and steer the airline back on track.

https://www.thestar.com.my/business/business-news/2024/08/31/malaysia-airlines-at-pivotal-crossroads?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240901&__sta=vhg.uosvpxQddhqnejsu0sv%7CIFFHTVQ&__stm_medium=email&__stm_source=smartech

https://mkefactsettd.maybank-ke.com/PDFS/402984.pdf

Meow

Share Price MYR 0.765
12m Price Target MYR 1.00 (+27%)
Previous Price Target MYR 1.00

Source : Mabel's Tiger Bank

Meow

Maintain BUY call and MYR1.00 SOP-TP

2Q24/6M24 results came in marginally below our expectations as fewer than-expected aircraft were returned to service. That said, there are very positive tailwinds in easing jet fuel prices and the recovering MYR.

Moreover, the return to service of its entire fleet is a matter of ‘when’ and not ‘if’ to us. Thus, our earnings estimates, BUY call and MYR1.00 SOP-TP are maintained for now. CAPITALA expects to dispose its shareholding in its 5 airlines to AAX in 4Q24 and lift its PN17 classification in 1Q25/2Q

Results analysis

2Q24 EBITDA recovered 103% YoY largely due to:-
(i) passengers carried recovering 41% YoY; and
(ii) unit passenger revenue growing 15% YoY.

2Q24 EBITDA was down 29% QoQ largely due to unit passenger revenue seasonally easing 9% QoQ.

6M24 EBITDA recovered 213% YoY largely due to:-
(i) passengers carried recovering 67% YoY; and
(ii) unit passenger revenue growing 14% YoY.

Value Proposition
1. Asia’s leading low cost carrier with highest market share, largest fleet size and most extensive route network.

2. Operates in 5 countries after exiting Japan and India, which provides unrivalled route network reach.

3. Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

4. Growing middle class in Asia fueling growth in demand for
air travel.

5. Won the coveted ‘World’s Best LCC’ award for a record 15 times in a row by Skytrax.

Financial Metrics
1. Best financial indicator is core net profit ex-disposal gains, forex and fair value changes, and deferred taxation.
2. Forecast FY24E to return to core net profit on more passengers and higher fares.
3. Forecast FY25E core net profit to grow further on more passengers as all aircraft would have returned to service.
4. Sensitive to fuel price movement, a USD1 per barrel change in fuel price will move earnings by MYR40m-MYR50m.
5. Balance sheet as at end-2Q24 in a net debt position of MYR4.38b if ex-finance lease liabilities.

Capital Mabel Meow

Meanwhile Mabel Airlines AirAsia X (AAX) has been awarded the title of Best International Airline Flying to Australia at the Australian Aviation Awards 2024.

The ceremony in Sydney recognized AAX’s dedication to excellence and innovation within the aviation industry. The Australian Aviation Awards, now in their third year, celebrates the crème de la crème of the aviation industry.

The awards celebrate those shaping the future of flying through a rigorous judging process that evaluates growth, business development, diversity, leadership, innovation, and contributions to Australia’s aviation landscape.

Syabas Malaysia!!!
https://www.msn.com/en-my/lifestyle/travel/airasia-x-soars-to-new-heights-crowned-best-international-airline-at-the-australian-aviation-awards-2024/ar-AA1pHZxH?ocid=nl_article_link

Thank you so such KKK and stkaoy!

Meow Meow Meow

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

prudentinvestor First half year dividend already 27 sen a share. Assuming CIMB Bank also pays 27 sen a share again in the second second half (it may pay more than 27 sen a share), total dividend payment would be very close to Maybank's annual dividend. Another Maybank in the making?
30/08/2024 8:12 PM

stkoay Very positive guidance for 2nd half year.
30/08/2024 10:10 PM

CIMB Bank’s recent performance is indeed impressive! With a first-half dividend of 27 sen per share, if they match or exceed this in the second half, the total annual dividend could rival Maybank’s who has been a strong performer in terms of dividends, so CIMB’s potential to match this is noteworthy

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

Yes lah..

To RM 3 with Loves

Happy Merdeka Every One!

Meow Meow Meow

Bottom line

FBM KLCI mover
$YTLPOWR (6742.MY)$ was the top gainer, rising 6.01 percent to close at RM 3.880.

To Our Success Value Investors!

Happy Merdeka to Every One!

Meow Meow Meow

Brilliant!

Thank you CIMB!

Meow Meow Meow

With a much stronger SGD, Mabel Airlines SIA is generous to reward the shareholders with Merdeka Angpow. Singapore Airlines Limited announced that at its AGM held on 29 July 2024 approved a final dividend of 38 cents per ordinary share for the year ended March 31, 2024 while Capital A Berhad reported its unaudited financial results for the quarter ended 30 June 2024 (“2Q2024”), a Net Loss primarily due to unrealized foreign exchange losses due to our earlier weak RM.

The Group, consisting of Aviation Group and Capital A Companies - Capital A Aviation Services, Teleport, MOVE Digital and Capital A International, posted second quarter revenue of RM4.9 billion and EBITDA of RM735 million, representing Year-on-Year (“YoY”) increase of 54% and 59%, respectively. The result is achieved despite ongoing fleet reactivation efforts with 22 aircraft remaining grounded. Capital A’s non-aviation companies showcased promising progress, achieving over RM1.3 billion in Year-to-Date (“YTD”) revenue, surpassing YTD revenue in FY2023.

The Group’s YTD net cash from operations doubled YoY to RM2.1 billion.

https://newsroom.airasia.com/news/capital-a-financial-results-second-quarter-2024#gsc.tab=0

The AirAsia Aviation Group intends to launch 23 new routes across its five units in Southeast Asia by end-September, a significant expansion that comes amid an improvement in earnings.

The low-cost airline group, which is in the process of being divested from parent Capital A, also expects passenger traffic recovery for the July-September period to be around 89% pre-pandemic levels, with growth led by Mainland China and India.

Still on target to get out of PN17 in 2025...

Meow

2721 UNSTOPPABLE..congrats to those who sapu low low again =)
30/08/2024 10:20 AM

Cheers UNSTOPPABLE!

Those that bought yesterday will smiles ears to ears. Remember YTL Power achieved more than RM 1 Billion Net Profits for this Quarter way above our projection of RM800-900 million net profit. *All segments are profitable* and YTL Power International Bhd declared a second interim dividend of four sen per share for the financial year ended June 30, 2024 (FY2024)

YTL Power Profit before taxation
Power Generation 785,238 – Temasek Power Seraya within expected range of SGD180-200m
Water & Sewerage 68,978 – UK Wessex turns around as expected
Telecommunications 37,466 – Great surprise was a turnaround in Yes 5G business
Investment holding activities 347,473

There is an extraordinary gain of 350 million in Q4 2023 PAT, if it is taken out, the actual PAT is 780 million.
Q4 2023 PAT - 1130-350=780
Q1 2024 PAT - 848
Q2 2024 PAT - 845
Q3 2024 PAT - 699

Hence Q4 2024 PAT is definitely higher than 780 million, both YoY and QoQ are higher.
The total EPS for FY 2023 is 24.95 sen.
The total PAT for FY 2024 is 3.51 billion.
The total EPS for FY 2024 is around 0.43.

To Our Success !

Meow Meow Meow

Haha still waiting to collect more at 64 sen..

Let see if Uncle and Aunties Shorties can help..hihihi

To Our Success !

Meow

Haha Mabel hope Uncles and Aunties Shorties does not lose any panties today ya..hihihi

Thank you so much for yesterday's collection..

To Our Success !

Meow

OK Lah...Mabel will try to sell today at 80 sen...

Let see if any Uncles and Aunties wang to buy...

Meow

Yes KKK...

Cheers Bro...

What you said is correct too...

Meow

StarOfTheBull By the way, why Sifu Twobits TA analysis is very different from some other sifus here? So tomorrow can buy or not?
29/08/2024 9:52 PM

Bro Bull,

Mabel is not a Sifu. Just sharing since Twobits is asking. Mabel is just another honest Investor who believes in YTLP...

No one can time the market.

Tonight, Wall Streets is Green unlike yesterday.

Now Nasdaq is +1.11%, Dow is +0.75 and S&P is + 0.76

To Our Success !

Meow

Yinson did that...

Look at Yinson price lately...

Yes Alex..

That is the best way forward...

Johnchew5 Hoho ya lo Mabel had been Guyang kaki on TG from RM 7.25 to below RM 0.65 … and with Serba Free tickets from RM 0.57 n RM 0.42 until delisted.🤣
29/08/2024 5:09 PM

Cheer Mickey..

Remember Mabel had a good Sifu...

To Our Success !

Meow

twobits Mabel meow,

Your last average is rm3.83?
Just curious what's your next level to average?

Woof woof
29/08/2024 11:14 AM

Meow Meow twobits...

Mabel has been in and out of YTLP

Thought can goyang kaki oledi after collecting at previous price..

Too good to be true as the short sellers are too active in this counter..

Today trade:

This morning sold all at RM 3.73 as chart still not so good..
Collect back in the afternoon starting from RM 3.690, RM 3.680, RM 3.670 and RM 3.660

Now Mabel Average is RM 3.675

Hope after this, Mabel Mabel can goyang kaki..

Price Target: The consensus price target fell 5.3% to RM5.74. Analysts’ views vary, with the most optimistic target at RM7.30 per share and the most pessimistic at RM4.00.

Valuation for YTL Power (Thank you dragon328!!!)

With the latest Q4 result, YTL Power has become the cheapest utility stock in Bursa. YTL Power is trading at historical PER of just 8.8x, dropping to 8.1x in FY2025 and 6.5x in FY2026. In comparison, Tenaga is trading at 23x PER on FY2024 earnings and Petronas Gas at 20x FY2024 earnings.

YTL Power should be trading at minimum PER of 10x and a fair PER of 15x, hence it should be trading at RM4.27 minimum or RM6.40 in 2024, rising to a minimum of RM4.62 to RM6.93 in 2025.

Over a longer term, I see not much challenge for YTL Power share price to test RM8.70 to RM13.00 by 2030.

To Our Success !

Meow Meow Meow

Anytime now. Latest is tomorrow on the 30th August..

Hope to get some Merdeka Angpow...

Meow Meow Meow

Meow stkoay!

Thanks for your explanation...

Looking forward for a big jump when the QR is out...

Meow Meow Meow

What happen?

YTL Power International Berhad (KLSE: YTLPOWR) has shown resilience and growth potential.

Recent Performance: YTL Power recently reported strong annual numbers, beating expectations with revenues of RM22 billion (2.0% ahead of forecasts). Statutory earnings per share (EPS) were RM0.42 (6.6% ahead of estimates).

Analyst Forecasts: The consensus forecast from YTL Power’s 13 analysts’ projects revenues of RM23.0 billion in 2025, reflecting a 2.8% improvement compared to the last 12 months. Statutory EPS is expected to reduce slightly to RM0.39 in the same period.

Price Target: The consensus price target fell 5.3% to RM5.74. Analysts’ views vary, with the most optimistic target at RM7.30 per share and the most pessimistic at RM4.00.

Industry Context: YTL Power’s revenue growth is expected to slow down (2.8% annualized) compared to its historical growth rate of 19% over the past five years. Other industry participants are forecasted to grow revenue at 5.1% per year.

Strategic Moves: YTL Power’s increased stake in Ranhill Utilities Bhd is expected to strengthen its position in the Malaysian utilities space, contributing to long-term earnings growth.

In summary, while near-term challenges exist, YTL Power’s strategic moves and industry positioning suggest positive long-term prospects.

Meow

Nancy Pelosi remains one of the most followed members of Congress when it comes to the disclosure of stock and options trades.

The former House speaker disclosed the purchase of more NVIDIA Corporation (NASDAQ:NVDA) shares in July..

What Happened: Pelosi disclosed two stock trading positions during the week, with the purchase of additional Nvidia shares and the sale of a portion of Microsoft Corporation (NASDAQ:MSFT) shares owned, as reported by Benzinga's Government Trades page.

Pelosi, a Democratic congresswoman from California, disclosed buying $1 million to $5 million in Nvidia shares with the subject line stating that 10,000 shares were purchased. The trade was made on July 26. Pelosi's disclosed trades are made by her husband Paul Pelosi, who is a venture capitalist.

Mabel Pelosi..

Some investors took the opportunity to lock in profits. NVIDIA’s stock had surged significantly year-to-date, and a pullback was expected as investors cashed in on gains.

The broader market sentiment can impact individual stocks. If there’s overall uncertainty or negative sentiment, even good earnings results might not prevent a stock from falling.

Remember that stock prices are influenced by a complex interplay of factors, and short-term movements can be volatile. Long-term investors often focus on the company’s fundamentals and growth prospects.

NVIDIA (NASDAQ: NVDA) reported record quarterly revenue of $30.0 billion for the second quarter ended July 28, 2024. This represents a 15% increase from the previous quarter and an impressive 122% growth compared to the same period last year. Here are the key highlights:

• GAAP earnings per diluted share: $0.67 (up 12% from the previous quarter and up 168% from a year ago).
• Non-GAAP earnings per diluted share: $0.68 (up 11% from the previous quarter and up 152% from a year ago).
• Data Center revenue: A whopping $26.3 billion, up 16% from Q1 and a remarkable 154% increase from a year ago.
• NVIDIA’s CEO, Jensen Huang, emphasized the strong demand for their products, particularly in data centers and AI applications.

Additionally, NVIDIA declared a quarterly cash dividend of $0.01 per share, payable on October 3, 2024, to shareholders of record as of September 12, 2024. The company also completed a ten-for-one forward stock split on June 7, 2024.

Looking ahead, NVIDIA’s outlook for the third quarter of fiscal 2025 is optimistic, with expected revenue of $32.5 billion, plus or minus 2%

Let see if YTLP got Power today...

Meow Meow Meow

https://theedgemalaysia.com/node/724405

KUALA LUMPUR (Aug 27): Sime Darby Bhd (KL:SIME) closed the financial year ended June 30, 2024 (FY2024) on a strong footing, with its net profit more than doubling to RM3.31 billion from RM1.46 billion in the previous year. This was largely due to a RM2 billion gain from the disposal of Ramsay Sime Darby Health Care (RSDH) in December 2023.

As a result, earnings per share grew to 48.5 sen for FY2024, compared with 21.4 sen for FY2023.

However, stripping out the one-off item, the automotive and industrial conglomerate reported a core net profit of RM1.3 billion in FY2024, up 14% from FY2023, on higher profits from the industrial business in Australia, the strong performance of the motors businesses in Malaysia, Singapore and Taiwan, as well as the maiden profit contribution from the UMW division.

Revenue for FY2024 saw a 39% jump to RM67.13 billion from RM48.29 billion in FY2023.

Sime Darby declared a second interim dividend of 10 sen per share for FY2024, payable on Sept 30. This brings the total dividend payout for FY2024 to 13 sen per share or RM886 million.

For the fourth financial quarter ended June 30, 2024 (4QFY2024), however, Sime Darby saw net profit fall 85.7% to RM89 million from RM622 million a year earlier, mainly due to one-off impairments and provisions at the motors division, losses at the motors operations in China, higher finance costs and deferred tax provisions. This resulted in lower earnings per share of 1.3 sen for 4QFY2024, compared with 9.1 sen for 4QFY2023.

Nevertheless, revenue for the quarter saw a 41.4% improvement to RM18.8 billion from RM13.29 billion a year earlier.