Petronas Chemicals
PCHEM said profit attributable to shareholders jumped to 668 million ringgit in the first quarter, from 532 million ringgit a year earlier.

Basic earnings per share rose to 0.08 ringgit, versus 0.07 ringgit a year ago, according to a Wednesday Malaysian bourse filing.

Revenue, however, slid year over year to 7.50 billion ringgit from 7.56 billion ringgit, the petrochemicals company said.

The board did not recommend a dividend for the period.

Finally Mabel Airlines Capital A Berhad’s first-quarter 2024 is out:

• Record-breaking quarter despite only operating 78% of total fleet:
• Revenue exceeds RM5.2 billion
• Over RM1 billion EBITDA
• Net Operating Profit of RM305 million
• Capital A non-aviation businesses contributes over RM620 million or 12% to total Group revenue with EBITDA margin of 13%
• Year-on-Year Growth: These figures represent an impressive 107% increase in revenue and a 105% increase in EBITDA compared to the same period last year.
• Capital A has been a trailblazer in shaping and transforming the travel industry in Asia, making flying affordable for everyone.

CEO of Capital A, Tan Sri Tony Fernandes' comments on the business outlook:

"As I promised last year, we are returning stronger than before. The record-breaking results, powered by our twin engines of growth in the Aviation Group and Capital A Companies, speak volumes about our resilience and growth potential. In the first quarter alone, we have hit multiple new records that culminated in our best-ever quarterly financial performance. This demonstrates the strength and effectiveness of our diversified ecosystem and the momentum we are building.

The Aviation Group reached historic highs for revenue, EBITDA and ancillary income despite operating with over a fifth of our fleet still grounded. Meantime, Capital A Companies generated a stellar half a billion of revenue and a profitable operating performance in just one quarter. I am excited about the rest of the financial year as the Aviation Group returns to full airline capacity and grows our fleet further, with the resulting ecosystem synergies for Capital A Companies.

"We are also gaining momentum in our efforts to unlock the full value of our businesses, both airline and non-airline. We recently announced the proposed divestment of our aviation business to unlock its value as a pure-play business. Next, we will submit the circular to Bursa Malaysia by June and move a step closer to resolving our PN17 status through the submission of our regularisation plan a month later.

"Capital A is the first in the world to grow from an airline into five verticals of strong aviation-led businesses. Our immediate strategy now focuses on delivering shareholder value, getting the right organisation structure, and doubling down on our low-cost DNA across the ecosystem. Additionally, we are committed to maximising ecosystem synergies to enhance our performance and create sustainable growth.

"So the next six months will be the defining period for Capital A as we execute our strategic initiatives to address challenges and seize exciting opportunities. At the end of this period, I believe we will have delivered an amazing turnaround - emerging stronger with two strong groups of businesses with immense potential and transformative value creation for our stakeholders."

https://www.marketscreener.com/quote/stock/AIRASIA-GROUP-6497323/news/AirAsia-CAPITAL-A-FINANCIAL-RESULTS-FIRST-QUARTER-2024-46850870/

*Financial skies and the melodic wings of Mr. Mister’s “Broken Wings*.” 🎵

🌟 Capital A’s Financial Flight 🌟

In the realm where balance sheets soar, Where numbers dance and profits roar, Capital A unfurls its wings, A symphony of gains, the market sings.

📈 AAX, once veiled in uncertainty’s haze, Emerges, phoenix-like, from turbulent days. Its fourth quarter, a crescendo of revival, Net profit blooms, a financial survival.

🌐 Singapore Airlines, a seasoned traveler, Navigates skies with poise, a seasoned traveler. Their net loss, once tempest-tossed and grim, Now narrows, as restrictions loosen their grip.

🎶 Mr. Mister, your “Broken Wings” echo, In boardrooms where analysts’ eyes glow. Capital A, like your wounded bird, mends, As investors await results, hearts on the mend.

🔍 Mabel Airlines, the mover of tides, Whispers secrets to the moon as it glides. And Capital A? Ah, its wingspan unfurls, A financial tale etched in market swirls.

🎩 Investors, like magicians, read the signs, In quarterly reports, they seek the divine. Will Capital A soar, or falter and sway? The answer, my friend, lies in the day.

🌠 Broken Wings, a metaphor we embrace, For stocks that stumble, then find their grace. Capital A, AAX, and Singapore’s flight, Together they dance, in financial twilight.

Note: The financial results of Capital A and AAX are real, while the poetic interpretation is a whimsical flight of fancy. 🌙✨

Listen to “Broken Wings” here 🎧
https://www.youtube.com/watch?v=nKhN1t_7PEY

Pandu1 Let sleep n let the aircraft fly. Even with turbulence but nobody will hurt........ Bravo airasia planes n pilots.
28/05/2024 3:13 PM

Cheers Pandu1

Please to see that Mabel Airlines is the biggest mover today. With AAX Result is already out, all of us is now waiting patiently for Capital A Result which will be announced this week. If you follow the trend for Singapore Airlines it should be good....

Captain Mabel Meow....

KUALA LUMPUR: AirAsia group of airlines, including medium-haul affiliate airlines AirAsia X and Thai AirAsia X, has bagged the Top Low-Cost Carrier in Asia for 2024 award by AirlineRatings.com in its annual Airline Excellence Awards.

The group and its affiliate medium-haul airlines have re-written the rule book for airlines in Asia and beyond, and today, we have over 255 aircraft flying to over 165 destinations

"The proposed divestment of the AirAsia Aviation Group of airlines from Capital A to AirAsia X is on track and will be a game changer in the industry to ensure significantly more high quality, low-cost air travel for short-, medium- and long-haul flights connecting Asia and the Asia Pacific to the world at the very best cost,” Tony said.

Meanwhile, AirlineRatings.com editor-in-chief Geoffrey Thomas said that the win was "richly deserved” as these airlines have made travel affordable for nearly 800 million passengers throughout Asia and the Asia Pacific, and they offer outstanding value and a great experience.

https://www.thestar.com.my/business/business-news/2024/05/28/airasia-wins-top-low-cost-carrier-in-asia-2024-award

Captain Mabel Meow

From Beijing with love

After a lackluster FY23A, the Chinese market drove 1Q24 results to way above our expectations. We maintain our earnings estimates pending a meeting with management. Note that we have yet to impute any upside from the upcoming acquisition of CAPITALAs 4 airlines and contribution from TAAX. We roll forward valuation, pegging on 7x FY25E PER (industry average ex-Interglobe, Spring and VietJet) from 8x FY24E PER and raise our TP to MYR1.88 from MYR1.52.

Additionally, the group is also assessing new destinations to be incorporated into its network and apart from most recently Central Asia, the group looks forward to bridging the connectivity for more regions soon.

“This tracks the group’s growth and expansion strategy, in line with its ongoing engagement with Capital A for the proposed acquisition of the latter’s aviation business, encompassing airlines such as AirAsia Malaysia Bhd and AirAsia Aviation Group Ltd which in turn includes Thai AirAsia, Indonesia AirAsia and Philippines AirAsia,” it said.

https://www.thestar.com.my/business/business-news/2024/05/28/aax-1q-revenue-up-656

Wow Good information raymond...

Meow Meow Meow

Wow our Prince YTL Power is turning into Bruce Lee...

Be like water ....my friends....

Meow Meow Meow

*YTL Power stock skyrocketed over sixfold in two years: how to decode its earnings*

YTL Power has been one of the top-performing stocks in the Malaysian market over the past two years. In 2023, its share price jumped 268%, and by 2024, it nearly doubled again. In less than two years, YTL Power's stock surged over sixfold, with its market value briefly surpassing RM 40 billion.

What’s behind this remarkable growth?

Core business: YTL Power’s primary revenue and profit driver is its power generation business. YTL PowerSeraya, a subsidiary in Singapore is expected to increase the revenue of YTL Power’s Singapore operations, accounting for about 1.5% of Singapore's peak electricity demand.

Potential growth areas: These include the new electricity purchase from Malaysia by YTL PowerSeraya, the new waste-to-energy plant, the EV charging station project, and the highly anticipated data center project.

At the end of 2023, YTL Power announced a partnership with NVIDIA to invest RM 20 billion in building an AI data center in Johor, Malaysia. The facility, expected to house the fastest supercomputer in Malaysia by mid-2024, could start generating revenue by the end of 2024. Additionally, the company plans to develop a large-scale solar power facility with a capacity of up to 500MW to supply the data center, representing another potential growth area.

The booming AI industry heavily relies on significant computing power, underpinned by electricity. By leveraging its core strength in power generation, YTL Power is making a strategic shift towards green energy while tapping into the AI sector's growth, unlocking strong potential growth opportunities.

Financial risks: Currently, YTL Power maintains good profitability, keeping financial risks relatively under control. However, the expansion plans mentioned above, such as new power plants, require substantial capital investments. Currently, YTL Power's debt ratio is already high. The expansion of several future projects may further increase the debt ratio, raising financial risks. Therefore, in future financial reports, it's crucial to closely monitor YTL Power's financial risk levels. If the debt ratio rises significantly while net profit does not keep pace, it may be a cause for concern.

To Our Success !

Meow

https://edition.cnn.com/2024/05/17/business/singapore-airlines-staff-bonus-ink-intl/index.html

World Best Airlines pay excellence Bonus and Dividends..

Expecting nothing less from the World Best Low Cost Airlines ...during Pre C19 times when the company was doing well Tony was very generous with AirAsia announces special dividend of 90 sen a share equivalent to 34%..

Yes, the more the merrier...

Meow

jeffchan1901 @Mabel Do you happen to have a copy of the HLIB report? Can share pls?
26/05/2024 2:52 AM


It was taken from here jeff!

Meow


#iscmob HLIB:
"Outlook.
Given the recent heatwave phenomenon, we expect stronger demand for power and pool prices in Singapore, benefiting PowerSeraya in 4QFY24 (similar to the occurrence in 4QFY23). Attarat continued to deliver strong contributions of RM86m in 3QFY24. We expect Attarat’s earnings to gradually improve as the associate pares down external loans (RM5.7bn as of end FY23) over the next 8 years (until 2032). Wessex will be reporting a turnaround in 4QFY24 due to the effective 12% tariff hike in Apr-24 and the subsiding impact from UK’s inflationary index. Wessex is also due to enter into a new regulatory period (2025-2030), which will provide higher allowable returns with higher asset base. YesCom is commencing on Sabah projects, which will improve its P&L in the near term, while progressing on AI-DC (total 100MW), commencing in phases starting end-2024/early-2025. The construction of YTL-DC is also progressing on schedule, with phase 1 for Sea Limited commenced operations in May-2024. Another 2 DCs (total 100MW) are under construction and expected to complete by end-2024. Earnings from DC/AI-DC is expected to be substantial from FY25 onwards and the group has a strong advantage as NVidia’s preferred partner in Malaysia for AI-Could service provider vs other DC owners (difficult and costly to convert a conventional DC to an AI-DC infrastructure).

Forecast.
Raised forecasts for FY25 by 5.2% and FY26 by 16.4% as we incorporate earnings contribution from DC and AI DC.

Maintain BUY, TP: RM7.45.
We reiterate our BUY recommendation, with a higher TP: RM7.45 (from RM5.55), based on 10% discount to FD SOP: RM8.28, as we believe the current PE valuation remains undemanding (vs Tenaga and PGas) with potential dividend upside. Upcoming earnings will be further boosted by Wessex’s turnaround and maiden DC/AI-DC contributions."
24/05/2024 2:43 PM

This is exactly how our Francis will bring his YTLP to HLIB Forecast...

Maintain BUY, TP: RM7.45.
We reiterate our BUY recommendation, with a higher TP: RM7.45 (from RM5.55), based on 10% discount to FD SOP: RM8.28, as we believe the current PE valuation remains undemanding (vs Tenaga and PGas) with potential dividend upside. Upcoming earnings will be further boosted by Wessex’s turnaround and maiden DC/AI-DC contributions."

This is definitely the Romance of the Century...YTLP and Nvidia...

Cheers Up Guys....

Only Malaysians and Singaporeans are world champion in this English!!!

Ah Huat and an Englishman were asked to make a sentence using 1, 2, 3, 4, 5, 6, 7, 8, 9,10.

The Englishman tried very hard but could not do it. Then the Englishman turned to Ah Huat and very confidently said, "If I cannot do this, I am very sure that this would be way beyond your ability."

Ah Huat thought for a while and this was what he came up with............

1 day I went 2 climb a 3 outside a house to peep. The couple in the house saw me. So, I panic and 4 down. The man rushed out and wanted to 5 with me. I ran until I fell 6 and threw up. So, I ran into a 7-eleven and grabbed some 8 to throw at him. Then I took a 9 and tried to stab at him. 10 God he ran away.

10, I put the 9 back and paid for the 8 and left 7-eleven. Next day I called my boss and told him I was 6. He said 5 , tomorrow also no need to come back 4 work. He also asked me to go and climb a 3 and jump down! I don't understand. I am so nice 2 him but I don't know what he 1.

The Englishman fainted!

( Even an Englishman can't construct sentences using numeric. This ability is exclusive only to Malaysians and Singaporeans! )

Meow

Summing up: Romance of the Century…

Only Malaysians and Singaporeans are world champion in this English!!!

Ah Huat and an Englishman were asked to make a sentence using 1, 2, 3, 4, 5, 6, 7, 8, 9,10.

The Englishman tried very hard but could not do it. Then the Englishman turned to Ah Huat and very confidently said, "If I cannot do this, I am very sure that this would be way beyond your ability."

Ah Huat thought for a while and this was what he came up with............

1 day I went 2 climb a 3 outside a house to peep. The couple in the house saw me. So, I panic and 4 down. The man rushed out and wanted to 5 with me. I ran until I fell 6 and threw up. So, I ran into a 7-eleven and grabbed some 8 to throw at him. Then I took a 9 and tried to stab at him. 10 God he ran away.

10, I put the 9 back and paid for the 8 and left 7-eleven. Next day I called my boss and told him I was 6. He said 5 , tomorrow also no need to come back 4 work. He also asked me to go and climb a 3 and jump down! I don't understand. I am so nice 2 him but I don't know what he 1.

The Englishman fainted!

( Even an Englishman can't construct sentences using numeric. This ability is exclusive only to Malaysians and Singaporeans! )

Meow

Mabel Singapore Airlines has taken a hit from the recent misadventure at the Bay of Bengal. The incident was due to Natural Disaster and claimable by Insurance. The rest of SIA Group are not affected by this misadventure. SIA has announced new SOP during flight turbulence for future “damage control”. The Temasek Princess always rise to the occasion when it matters.

Meanwhile Weather forcast for Mabel PN 17 Capital A as we closing in to earning announcement next week..

CapitalA 200SMA PIVOT Point Momentum!
S: 0.85.
PIVOT: 0.90.
R1: 1.05.
R2: 1.30.
R3: 1.70.
Mr. Market is Unpredictable!
Dis: Trade at your own Risk!

To Our Success !

Captain Mabel Meow

Meow Meow Meow

Same here DividendGuy67

To Our Success !

Thank you geary dear...

You are really a darling...

Meow

Haha Now you now why we love Tony the Magician...

89.5 sen oledi...

Life is soooooo beautiful when you can fly......

Meow Meow Meow

Wow 88.5 sen oledi...hihihi

If can closed above 88.5 sen will be good for next week momentum..

Today many counters are having period...

..except for Banking and Construction...

..even Sime Darby climbs like no business...

Meow

...except for Banking and Construction...

..even Sime Darby climbs like no business...

If can closed above RM 5 today will be good for next week momentum..

Today many counters are having period..

Meow

Wow 87.5 sen oledi...

What happen?

Waiting at RM 4.770..

This operator is very good...just like Francis Yeoh

Meow

Nvidia’s (NASDAQ:NVDA) market capitalization continued to explode yesterday after the chip giant provided Wall Street investors with yet another stellar earnings report. The artificial intelligence (AI) leader is now worth the combined market cap of two other mega cap names, Amazon (AMZN) and Tesla (TSLA).

Currently, retail and tech behemoth Amazon (AMZN) has a market cap of $1.90T while electric vehicle maker Tesla (TSLA) has a market cap of $559.48B, which together equate to $2.46T. That combined figure has been engulfed by Nvidia (NVDA), which is now Wall Street’s third-largest company by market cap at $2.56T.

Moreover, see how Nvidia’s (NVDA) market capitalization has rocketed higher since the 2020 Covid-19 trading year. Listed below is the market cap of NVDA by end of year levels:
2020: $323.24B
2021: $735.27B
2022: $364.18B
2023: $1.22T
Current: $2.56T

The semiconductor and AI focused stock has jumped up 10% yesterday and has climbed 111.3% in 2024 alone. On a wider scale, the Jensen Huang-led firm has advanced 2,648% over the past 5-years and 19,696% over the past 10-years.

Meow

*Record Highs for SIMEPROP*

Sime Darby Property (SIMEPROP) reported on 21 May’24 (Tuesday) that their quarterly net profit has doubled YoY to MYR123.6 million from MYR60.7 million. They also achieved record high quarterly revenue of MYR978.7 million contributed by higher sales.

SIMEPROP has achieved 32% of the group’s full year sales target of MYR3 billion. The group is expecting further growth with the launch of two landmark projects, The Ophera at KLGCC Resort, and the Elmina Lakeside Mall.

GSX1111 May i know this data center business, the SIME Darby is also building now. So the power supply can be from TNB or YTL Power ? or only TNB ?
24/05/2024 8:13 AM

The data centre in Malaysia will be situated on a 49-acre (19.83-hectare) site within the 1,500-acre Elmina Business Park, the largest freehold industrial park in the Klang Valley.


According to Sime Darby Property, the group and its flagship Elmina Business Park were chosen based on strategic merits, including the group’s 50-year track record in large-scale integrated projects, the park’s robust infrastructure and prime location, as well as the group’s financial strength, which assures long-term lease certainty.

Read here for more details


https://theedgemalaysia.com/node/712702

Boeing Stock Falls On Forecasts Of Negative Cash Flow, Delivery Delays
Briefly: Boeing shares traded down more than 6% today following CFO Brian West’s announcement that the company will burn cash in 2024 rather than generate it.

So Basically: Speaking at a conference today, West revealed that he expects Boeing’s full-year free cash flow to be negative, possibly to the tune of $4 billion next quarter alone.

So Then: This marked a stark contrast to the outlook provided in March for positive cash generation in the low single-digit billions.

So What: The announcement surprised investors and further complicated Boeing’s situation as it struggles with quality concerns, production challenges and delayed deliveries to China, which West added will impact Q2 cash flow.

Foreign funds have become net-buyers over the past couple of weeks. Foreign shareholding of Malaysian equities was 14% at the end of April 2024. If indeed it normalizes to 20% over the next few months, this would be a catalyst for a bull market..

https://www.thestar.com.my/business/business-news/2024/05/22/can-bullish-sentiment-on-bursa-malaysia-continue?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240523&__sta=vhg.uosvpxQddhqne.jsu0sv%7CUHBT&__stm_medium=email&__stm_source=smartech

Mabel's Sime Darby Property Beat expectations and will join our YTL Power to build Data Centre.

SDPR's 1Q24 core net profit of MYR124m (+1.2x YoY, -17% QoQ) positively surprised. 3M24 locked-in sales of MYR956m were also above our/management forecast/target. We raise FY24-26 earnings forecasts by +9% to +17% and TP to MYR1.13 (+27sen) on a higher 0.8x rolled forward FY25E P/B (+1SD to mean). The higher P/B is to reflect SDPRs strong position to benefit from rising demand for industrial properties in the Klang Valley.

In addition, Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data centre at its Elmina Business Park in a deal worth RM2 billion, marking the group’s entry into the data centre segment.

The project is expected to begin in the second quarter of this year, and be completed in 2026, the developer said in a bourse filing. Once construction is completed, the group will sign a 20-year lease with Pearl Computing Malaysia Sdn Bhd — a wholly-owned unit of Singapore-based Raiden APAC Pte Ltd — with options to renew for two additional five-year terms.

To Our Success !

Meow

#tatwaiwong Mr mabel,ur story 2021 years lol,say at now.what u need?Hahahahahaha
21/05/2024 1:19 PM

That's Part 1. This is Part 2...

Sime Darby Property Beat expectations and will join YTL Power to build Data Centre.

SDPR's 1Q24 core net profit of MYR124m (+1.2x YoY, -17% QoQ) positively surprised. 3M24 locked-in sales of MYR956m were also above our/management forecast/target. We raise FY24-26 earnings forecasts by +9% to +17% and TP to MYR1.13 (+27sen) on a higher 0.8x rolled forward FY25E P/B (+1SD to mean). The higher P/B is to reflect SDPRs strong position to benefit from rising demand for industrial properties in the Klang Valley.

In addition, Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data centre at its Elmina Business Park in a deal worth RM2 billion, marking the group’s entry into the data centre segment.

The project is expected to begin in the second quarter of this year, and be completed in 2026, the developer said in a bourse filing. Once construction is completed, the group will sign a 20-year lease with Pearl Computing Malaysia Sdn Bhd — a wholly-owned unit of Singapore-based Raiden APAC Pte Ltd — with options to renew for two additional five-year terms.

To Our Success !

Meow

Summing up on NVIDIA’s Q1 Earnings

Briefly: NVIDIA, the poster boy of the AI revolution, reported first-quarter results this morning after the market close. Here’s how it went.

So Basically: The chipmaker’s Q1 results climbed past lofty expectations amid ever-increasing demand for its AI accelerators. Nvidia shares pass $1,000 for first time on AI-driven sales surge Revenue $26.04 billion (up from $7.19 billion y/y) and destroying estimates of $24.69 billion. Data center revenue $22.6 billion vs. $4.28 billion y/y, smashing estimates of $21.13 billion. Nvidia shows no signs of AI slowdown after over 427% increase in data center business. Revenues climbed to a record, thanks to record Data Center revenue.

So Then: Q2 guidance also exceeded expectations. The company announced a 10-for-1 stock split and hiked its quarterly dividend by 150%. Unlike some of Patton High Growth Magnificent 7, NVIDIA has a dividend history. Before the Q1 earnings in 2024, the quarterly cash dividend was $0.04 per share. However, after the Q1 earnings, NVIDIA raised its quarterly cash dividend by 150% to $0.10 per share on a post-split basis. This increase reflects the company’s strong financial performance and commitment to rewarding shareholders

So What? Reacting to the results, Nvidia’s stock rose in after-hours trading. CEO Jensen Huang proudly punctuated the results, saying, “The next industrial revolution has begun.”

Next is YTL Power...

Meow

YTLP got character...

Meow Meow Meow

#Agjl Nvidia shares pass $1,000 for first time on AI-driven sales surge
PUBLISHED WED, MAY 22 202412:00 PM EDTUPDATED 23 MIN AGO

23/05/2024 7:11 AM

It is interesting to note that a few weeks ago at a Standford University forum, Jensen Huang opined that "people with very high expectations have very low resilience and unfortunately resilience matters in success". He also added that 'greatness'(in a company) comes from 'character' and the character is formed out of people who suffered (who has gone through setbacks, pains and sufferings).

Nvidia reported fiscal first-quarter earnings on Wednesday that beat expectations for sales and earnings, and the stock rose in extended trading over the $1,000 per-share threshold. Its strong results on Wednesday suggest that demand for the AI chips Nvidia makes remains robust.

Looking ahead, NVIDIA continues to push the boundaries of technology. Its recent ventures into autonomous vehicles and augmented reality are setting the stage for the next wave of computing. With the advent of the metaverse and other virtual platforms, NVIDIA’s technologies are becoming the building blocks of future digital experiences.

For investors and tech enthusiasts alike, NVIDIA represents a unique combination of visionary technological pursuits and solid financial health. Its story is not just about where it stands today but also about where technology can take us tomorrow. NVIDIA isn’t just participating in the future; it is actively shaping it, making its mark as one of the most innovative and financially robust companies in the tech world.

$NVIDIA (NVDA.US)$ reported Q1 earnings that beat expectations Wednesday. Revenue for the first quarter was up 18% from the previous quarter, according to the release, and up 262% from a year ago.

The firm posted earnings of $6.12/share compared to expectations of $5.59, based on 36 estimates. Revenue came in at $26.04B in the quarter, compared to $24.65 estimated. Eyes were on data center revenue, which made up most of the firm's profit, coming in at $22.6B vs. estimates of $21.06B.

The firm expects revenue of $28.0 billion, plus or minus 2%, for the current (second) quarter. The firm announced a ten-for-one forward stock split effective June 7, 2024. At current prices, investors would be able to purchase Nvidia stock at about $95/share. The firm also increased its cash dividend 150% to $0.10/share.

Well done Nvidia!

https://www.channelnewsasia.com/singapore/sia-singapore-airlines-death-turbulence-london-bangkok-4352051?cid=internal_sharetool_androidphone_21052024_cna

Bay of Bengal is a notorious place when you cross this sector. Mabel has experienced few times when the aircraft fall freely. One on MAS, Thais Airway, Scandinavia, and SIA...This place is really no joke. Luckily no one was hurt on our plane..

This is a very good reminder to everyone ... when in a flight, always keep your seat belt buckled even when the seat belt light is off.

It's said the passengers hit the ceiling when the plane hit the air turbulence.

In this incident, a Singapore Airlines flight from London to Singapore encountered severe turbulence over the Bay of Bengal. The Boeing 777-300ER aircraft dropped approximately 6,000 feet (2,000 meters) in just a matter of minutes after crossing the Bay of Bengal. Unfortunately, one person lost their life, and several others were injured during this incident. The flight was forced to divert to Bangkok, where it landed safely.

Turbulence can be caused by various factors, including flying through clouds or encountering “clear air” turbulence, which is not visible on a jet’s weather radar and cannot be predicted. This incident highlights the importance of seatbelt usage even when the skies appear clear.

Thanks God Mabel Capital A is using only Airbus...

Meow

Today it touches RM 10 at 2.33...

Yesterday Mabel continued to accumulate Capital A as Malaysia Airports Holdings Bhd’s (MAHB) April 2024 traffic expanded by 7.8% to 11 million passengers compared to the preceding month’s 10.2 million passengers’ movement. The airport operator reported a total traffic performance of 7.6 million passengers across its local airports in Malaysia during the month, an 8% increase compared to March’s 7.1 million.

We will take back Tourism from Thailand…

In Singapore you need to buy 3 SIA Companies in SGD. Here you Buy Capital A at RM 85 sen you will get all 3...

Capital A will have 5 listed companies build into three segments:
Airlines business worth RM 0.95
Digital business worth RM 0.94
Brand AA listed US worth RM 1.01
Total worth RM 2.90

This is in line with Mabel’s Singapore Airlines
• SATS at SGD 2.89
• SIA Engineering at SGD 2.35.
• SIA at SGD 6.53

To New York with Loves...

https://www.freemalaysiatoday.com/category/business/2024/05/20/mahbs-passenger-traffic-rises-7-8-to-11mil-in-april/

Sime Darby Property partnered with Microsoft to boost its digital aspirations. They became the first property developer in Malaysia to fully migrate their existing core applications and servers to Microsoft Azure cloud. By leveraging world-class cloud technology and data analytics solutions offered by Microsoft, Sime Darby Property aims to modernize its systems and enhance the experience for customers.

This collaboration allows Sime Darby Property to adopt Microsoft’s trusted cloud platform, Azure, for best-in-class and secure cloud solutions. The migration to the cloud aligns with their security frameworks and policies, supporting their digital ambitions. Soon, this move will enable a hyper-personalized customer-centric business model and promote end-to-end operational excellence, from managing procurement contracts to purchase-to-payment systems.

Additionally, Sime Darby Plantation (a different entity within the Sime Darby group) partnered with Data Cube to deliver a Big Data Platform and Reporting solutions for their Operation & Finance team. This solution enhances decision-making processes and drives operational efficiency.

In summary, Sime Darby Property has taken significant steps toward digital transformation, particularly by migrating to Microsoft Azure cloud, while other Sime Darby entities have also explored data analytics solutions to improve their operations.

Meow

Broken oledi..now trading RM 7.09..

So Power...

Meow

#paulthesotong Anything to with Privatisation of Malaysia Airport?
17/05/2024 5:15 PM

Here's some news paul,

https://www.straitstimes.com/business/gip-eyeing-up-to-49-stake-in-malaysian-port-operator-could-value-it-at-85-billion-sources

Yes, that’s correct! Global Infrastructure Partners (GIP) is in talks to acquire up to a 49% stake in MMC Port Holdings, which is Malaysia’s largest port operator. MMC Port Holdings owns seven ports in Malaysia, including the Port of Tanjung Pelepas in Johor Bahru. The deal could potentially value MMC Port Holdings at around RM30 billion (S$8.5 billion).

Interestingly, GIP itself is being acquired by BlackRock for US$12.5 billion. Just days after BlackRock’s announcement, US private equity firm General Atlantic also agreed to buy UK-based infrastructure investor Actis.

Recently, GIP, in partnership with Khazanah, EPF, and ADIA, announced a conditional offer to acquire a stake in Malaysia Airports Holding Berhad. This deal could potentially involve up to a 49% stake in the company, valuing it at around RM30 billion

https://www.global-infra.com/news/gip-in-partnership-with-khazanah-epf-and-adia-announces-conditional-offer-to-acquire-malaysia-airports-holding-berhard/

Meow

#The_JQuestion oil stabilising and low + strong rinnggit rebound in the coming QR .... bomb ! double effect , with good QR results coming Q2 onwards. q1 will not be disappointing as well ... pn 17 exit in style by le senior , tony Fernandes , arriba, arriba … andale, andale
17/05/2024 6:12 PM

#Alex_Kho It's essential to recognize that each airline's financial performance depends on various factors, including route networks, cost structures, and market dynamics.

1. Different Business Models:
Singapore Airlines (SIA) and AirAsia indeed operate with distinct business models. Here's a brief comparison:
- SIA: As a full-service carrier, SIA focuses on premium services, long-haul flights, and connecting major global cities. Their emphasis is on luxury, comfort, and high-quality in-flight experiences.
- AirAsia: AirAsia, on the other hand, follows a low-cost model. They prioritize affordability, point-to-point routes, and efficient operations. AirAsia aims to make air travel accessible to a broader segment of travelers.

2. Travel Recovery:
The news about Singapore Airlines' record profit reflects a positive trend for the aviation industry. By reporting a profit of S$2.67 billion for 2023-2024, SIA demonstrates that travel demand has rebounded significantly. In fact, this level of profitability suggests that travel has not only returned to pre-COVID levels but has likely exceeded them.

Both airlines contribute to the industry in their unique ways, catering to different customer segments. As travel continues to recover, there is hope to see positive outcomes for AirAsia as well. 🌏✈️
20/05/2024 11:37 AM

Indeed..

In Singapore you need to buy 3 Companies in SGD. Here you Buy at RM 86 sen you will get all 3...

https://www.bloomberg.com/news/videos/2024-01-18/airasia-group-ceo-tony-fernandes-speaks-with-bloomberg-in-davos

Capital A will have 5 listed companies build into three segments:
Airlines business worth RM 0.95
Digital business worth RM 0.94
Brand AA listed US worth RM 1.01
Total worth RM 2.90

This is inline with Mabel’s Singapore Airlines
• SATS at SGD 2.89
• SIA Engineering at SGD 2.35.
• SIA at SGD 6.53

To New York with Loves...

Meow

jeffchan1901 @mabel thanks. glad to see you are also finding success in 'the other stock' too
18/05/2024 10:08 AM

Indeed! Our Tiger will be touching RM 10.00 soon..

To Our Success !

Great to see our Sunway is back today at RM 3.55

Sunway is a good company to hold...

To Our Success !

Meow

Well done Jeff!

You the man!

Well done Guys we have already hit Maybank's Target Price..

To Our Success !

Meow Meow Meow

Meow Meow Meow

https://www.youtube.com/watch?v=hCLkVrp_4CE

Yes lah Guys...Beside Data Centre, YTL Power will be a formidable player to dance with her sister in Temasek for Renewable Energy, Princess Sembcorp, another Blue Chip in Temasek. Thank you Francis!

Meow Meow Meow

Thanks for sharing bro...

To Our Success!

Meow

https://www.malaymail.com/news/money/2024/05/16/bursa-malaysia-at-highest-level-since-march-2022-rate-cut-hopes-boost-global-sentiment/134733

Among the heavyweights, Tenaga Nasional rose 26 sen to RM12.66, while Public Bank, Maybank and YTL Power bagged four sen each to RM4.19, RM9.92 and RM5.18 respectively.

Among the heavyweights, Tenaga Nasional rose 26 sen to RM12.66, while Public Bank, Maybank and YTL Power bagged four sen each to RM4.19, RM9.92 and RM5.18 respectively.

https://www.malaymail.com/news/money/2024/05/16/bursa-malaysia-at-highest-level-since-march-2022-rate-cut-hopes-boost-global-sentiment/134733