Malaysian homebuyers surging interest in solar panels because of heat wave and new electric cars? Imported pets and young children need air-conditioning whole day?
What's next? All playschools & schools need air-conditioned classrooms too?
Welcome to New Malaysia...a tropical isle that never runs out of energy...

https://www.businesstoday.com.my/2024/04/23/17-surge-in-homebuyer-enquiries-for-solar-homes-amidst-malaysias-heat-wave/

SLVEST, SAMAIDEN & SUNVIEW's results all seems to stall due mainly to the competitive pricing of PPA of the LSS4 solar projects? A proper rework may be needed before launching the LSS5...

The cabinet has just approved the expansion plans for the Penang airport (RM 1B).

https://www.thestar.com.my/news/nation/2024/02/27/green-light-for-penang-international-airport-expansion-project

Ten years ago in 2014, Tan Sri Bashir installed solar power on KLIA that generated 26MW of energy that saved more than RM 2M of energy costs per year...plus other green technology that put KLIA and KLIA2 the most energy-efficient airport in Malaysia.

Today, let's watch how energy-efficient is the new Airports(MAHB) team...knowing that...
Penang is a major industrial hub, contributing significantly to the national economy and relying solely on an aging power plant (Sultan Abdul Halim power station) that has faced several power outages. There are major concerns on its reliability and potential power disruptions....

The future energy sufficiency of Penang for its factories and International airport depends on the successful implementation of these solutions and the ability to meet the ever-increasing demand of green energy....

Locally, MFCB and Pekat Bhd have established a 55:45 joint venture (JV) called MFP Solar Sdn Bhd to undertake solar projects of up to 10MW in Malaysia, believed to give far better investment returns of 10% to 12%. MFP Solar would be an engineering, procurement, construction and commissioning contractor to undertake the installation of solar power projects on rooftops of industrial and commercial buildings under various models, namely build–operate–transfer, outright sale or leasing. MFCB would ride on Pekat Teknologi’s vast experience in the solar industry. For a start, the JV intends to tap multinational companies for opportunities.

In 2022, MPF-Pekat installed solar PV on 16 sewage plants of IWK (project value RM18.1 million of estimated energy generation: 8 GWh per annum).

https://themalaysianreserve.com/2021/09/01/pekat-secures-contract-worth-rm18-1m-to-build-solar-pv-system-for-iwk/

Lots more of IWK sewage plants need solar PV to run the pumps .... if it works, just execute...

https://www.malaymail.com/news/malaysia/2023/11/21/natural-resources-minister-396-iwk-sewage-treatment-plants-selected-for-solar-pv-tech-phase-1/103330

If you want EVs (electric vehicles), you'll need a solar PV for your home.....
...and on your charging stations....

https://www.businesstoday.com.my/2024/02/25/tnb-shifts-30-of-fleet-to-evs-plans-500-charging-stations-by-2025/

Is the solar panel industry a growth sector in Malaysia this year?

G Gemini: Yes, the solar panel industry is expected to be a strong growth sector in Malaysia in 2024 and beyond. Here are some of the factors driving this growth:

Government support: The Malaysian government has ambitious renewable energy targets and has implemented various policies to support the solar industry, such as the Net Energy Metering (NEM) program and the Large Scale Solar (LSS) program. These programs provide financial incentives for businesses and individuals to install solar panels.

Declining solar panel costs: The cost of solar panels has been declining steadily over the past few years, making them more affordable for businesses and individuals.

Increasing awareness of climate change: Malaysians are becoming increasingly aware of the need to address climate change, and solar energy is seen as a clean and sustainable alternative to fossil fuels.

Strong economic growth: Malaysia's economy is expected to grow by around 4% in 2024, which will boost demand for energy. Solar energy can help to meet this demand in a sustainable way.

Here are some of the specific predictions for the growth of the solar panel industry in Malaysia:

Mordor Intelligence predicts that the Malaysian solar energy market will grow at a CAGR of more than 9% during the period 2023-2028.

HLIB Research expects the renewable energy industry in Malaysia to see strong growth in 2024, driven by the Corporate Green Power Programme (CGPP), which is expected to generate between RM2.7 billion to RM3 billion of EPCC contract flows.

Overall, the outlook for the solar panel industry in Malaysia is very positive. The government's support, declining costs, and increasing awareness of climate change are all factors that are likely to drive growth in the sector in the coming years.

Which country is the largest producer and consumer of energy and also solar energy? China.
Which country is the largest producer of petroleum? USA.

https://oilprice.com/Alternative-Energy/Solar-Energy/Could-Solar-Power-Become-Americas-Leading-Electricity-Source.html

Pekat - a sustainable business with sustainable projects...
Projects secured for 2024 - Tok Bali Kelantan 1MWp, Kuala Penyu Sabah 1.7MWp, Hybrid solar PV at Langsat CSTP Kajang, Off-Grid solar PV system at Setapak Central Mall, with MPF-Solar 6.5MWp, and the development of a 29.99-MWac solar power plant project under the corporate green power programme (CGPP) conducted by the Energy Commission.

The complex relationship between Islamists and Christians has spanned centuries, marked by a mixture of cooperation, conflict, and mutual influence.
It's better to take a stance of "Marie, let the eat cake..."

WASHINGTON, Dec 20 (Reuters) - Toyota Motor (7203.T) said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed.

If Japan halt sales of Daihatsu & Toyota small cars, will Malaysia do the same?

Just a Christmas wish.....
EPF holds some 156.5 m shrs - another 17 m shrs more and it will be the top shareholder.
EPF together with PNB, Tabung Haji n KWP already own almost one-third of total shareholdings.
Together, can they make a 'mandatory general offer' for a takeover to complete the big picture?

est profit 114m as sales improved by 14%

‘tis ChristMaz season…and in e-madani support…
Tan Sri Dato Sri may give 12 sen div on 12.12.

Tesla??! Try driving the new Model 3…it’s just like using your smartphone while you’re driving…
You’ll notice there aren't the usual left-right indicator stalks on the steering column. The turn signals have been replaced by 2 tiny buttons on the left side of the steering wheel. That's the part that people seem to be most mad about…imaging you need to look at your steering wheel just to turn on a roundabout. For a left hand drive on a roundabout in China, you’d be looking down at your dic…

Why you don't see many American cars in Malaysia....
https://youtu.be/V6Qimcb6Wxs?si=aE5dGJT2rrTdPqr4

Bermaz and Peugeot parted ways - 'tis good as it's not a fit for BA strategy.
Peugeot is a very low profit and low margin marque and that's a drag to the momentum & resources of BAuto.
Kia will provide the electric range for the future and Mazda the ICE & hybrids as an alternative.
We will see whether the World is right about electric cars or the Japanese sleep walking to the future with ICE & hybrid cars. Whatever the case, Bermaz has both legs on the road...

Results of LayHong not so eggciting...
First half revenue this year less than last year!

This yr qtr3 results include extraordinary gain of RM28M from disposal of property....
that means own car sales not so great, only associates make more gains...

Japan (Daihatsu & Toyota included) are holding back as the world rushes into electric cars... Japan have their reasons to progress slowly and this stance may be on the wrong side of market trends...
Japan has problems with electricity supply for decades, but Malaysia do not.
Sarawak has the cheapest electricity rates and can even export electricity...
Unless Daihatsu make small electric cars for MBMR, we would be stuck in this petrol subsidy conundrum for ages...and imagine its boundless leakages that are simply unsustainable.

Results for total 3 qtrs (Jan-Sep) not so exciting…
2022 Rev RM 1.6 B, NProfit 246 M.
2023 Rev RM 1.7 B, NProfit 260 M.
Annual improvement of 6%, only to cover inflation…

TSC has only one good customer... Singapore!
With the current price ceiling on eggs, how are the local poultry players going to perform when feed prices go up? Where's the upside 3 months from now when the subsidy is withdrawn?
Ask your wife, have the designer egg prices changed in the past 6 months?

RHB...also no mention of egg exports to Hong Kong, fresh n cooked eggs?
Malaysia's export of eggs to Hong Kong has doubled since 2020?

RHB, ESG......no mention on solar PV investment every year since 2019 and its savings to the company’s electricity costs and contribution to the global environment conservation efforts?

https://theedgemalaysia.com/node/689989
Forex gain alone from 2015 to 2023 is 30%.
Good2give dividends quarterly for momentum...

https://theedgemalaysia.com/node/688825

In total, the Terengganu state-controlled group is required to pay RM275.93 million, a figure that nearly matches its entire market capitalization of RM293 million.

In 2019 report stated TS produced 4 M eggs from 24 farms.
In 2022 report still same 4 M eggs and same number of farms.
Where all the CapEx go???

I's called a 'green' loan if you secured a loan to refinance an existing loan...
.... (reduce, reuse and recycle)
.... if doesn't work, try rights issue

Decarbonising the World's Industries : The Next Frontier....to a low carbon future!

Synthetic Fuels to decarbonizing the Industries:
Once you have captured CO2 and with produced hydrogen, they can be used as feedstocks in a Fischer-Tropsch synthesis process. This synthesis is a well-established technology used to convert syngas (a mixture of CO and H2) into liquid hydrocarbons, such as synthetic diesel, gasoline and aviation fuels..... that can be used in existing combustion engines n transportation infrastructure without significant modification

Shorties dropped pants, cut positions by 10M shrs in 2 days...

Key Insights on BAB
Using the 2 Stage Free Cash Flow to Equity, Armada fair value estimate is RM0.87
Armada's RM0.53 share price signals that it might be 39% undervalued.
Our fair value estimate is 40% higher than analyst price target of RM0.62

Perhaps, it's time to start the gamestopping as shorties have reduced their positions by 11% over the past week.
Brent price will firm up further until end of year as Saudi n Russia continue squeezing oil supply....

Come September...Hurricane season starts in Florida

I gather that drilling of exploratory wells by Pexco NV in the Makassa Straits started some 12 years ago... Now is the time to firm up on the contracts whether it's going to be a Cost Recovery or a Gross Split-based production sharing contracts. The O&G companies are free to choose either. In the Cost recovery scheme, O&G companies will recoup their costs of exploration, development & operation out of gross production.

Pexco NV is the oil exploratory arm of AK.
Armada Etan is the oil extraction arm of AK.

https://www.ogj.com/home/article/17266698/indonesia-west-sulawesi-miocene-find-indicated

or Shorties' issues, or both??

Before Kraken shut-in on 2June,
Enquest shr price at 15.7p, Armada shr at 63.5sen.

Kraken at 90%, Enquest at 16.4p, Armada at 52 sen.
Today, Enquest shr at 17.2p, Armada at 54 sen.

Ask why no production issues at Enquest?
Ask why Armada, Malaysian shr prices n Malaysians so negative?
Analysts' issues??

quote...The Hong Leong research report still says 6 months downtime...
I heard a remark that the HLIB research team attended a 1-day programme at the School of Twists & Turns...

The not-so-cautious Mgt are the CGS-CIMB, HLIB, Apex that made the call on 2 June of a 6 mth shut-in of Kraken....

Cautious Mgt would state 90% though operating conditions have normalise...

What happens when US, UK & China borrowing costs go down?

Shorties are active as they off-load some 17% of their net positions.
Short positions on 3Jul was 55.5M has now reduced to 45.9M.
What are they going to do next? Just wait and watch...

In support of Brent at USD85/bbl...
It doesn't matter whether oil has a causal relationship to Armada, Hibiscus or Dialog...
as long as you do not hold Saprng that's already in its depths (debts?) like the Titan...
...correlation does not mean causation...
If you want to win (in Armada or in an election?), just quote a statistic...

Kraken issues already addressed and Mgt is confident that solution at hand...
No need to ponder, just move on...

Next picture: US Inflation is abating so is the USD...
Lower USD likely to translate to escalating oil & gold prices...

After State Elections, Malaysia to reduce fuel subsidy??

In support of USD85/bbl.....
⛽NATO stock fuel for more protracted conflict & migraine in Ukraine,
⛽Biden starts replenishment of US oil reserves (SPR) as US opens bidding for SPR purchase,
⛽Kiwis in NZ queue for fuel as discount come to an end,
⛽Nigerian motorists queue for petrol as fuel subsidy is abolished,
⛽Pakistan braces for fuel shortage of diesel from panic buying amid liquidity crisis.

The shorties have reduced their position by 8% over the past 3 days. Possibly another 2 weeks, they're likely to run out of breath... as their material risk compliance becomes more significant....

Zero Flaring initiative ZF20230 commits governments and oil companies to not routinely flare gas in any new oilfield development and end existing routine flaring by 2030 at the latest. Oil companies are now requiring their FPSOs to include closed flare systems, reinjection, the ability to use the gas for power generation or similar and are also penalising their FPSO providers to high levels of flaring through charter rate reductions.

From ChatGPT:
How an FPSO could contribute to carbon capture:
1. CO2 Capture: The FPSO can incorporate a CO2 capture system to separate carbon dioxide from the produced hydrocarbons, typically from the flue gas emitted during the combustion process of natural gas (gas is produced in an oil extraction process).
2. Compression: Once the CO2 is captured, it needs to be compressed for transportation and storage. The FPSO can be equipped with onboard compression facilities to increase the pressure of the captured CO2, making it suitable for transportation via pipelines or tankers. Navigator Gas LLC is a liquefied gas shipping company with a global market and the world's largest fleet of large, sophisticated gas shipping vessels.

It is imperative that FPSOs are upgraded to reduce their carbon footprint. The O&G authorities are measuring their carbon dioxide tonne per barrel of oil produced when sanctioning new fields, and thus potentially driving forward change.

This is long term but it is a plan.
We cannot ignore this transition to clean energy and also this world still relies heavily on oil and gas.

The oil tanker Ingrid Knutsen that has transported oil from Kraken FPSO 2 days ago is also docked at Scapa Flow. Scapa Flow, as an energy hub is also the largest natural deep-water harbour in the northern hemisphere where supertankers can also dock.

If got good production from Kraken, why worry so much about other minor issues.
This is not like Hibiscus-Dnex Anusuria FPSO riser issue that was down for a year in 2022.
Armada has the Mgt, funds and machinery to fix issues much faster....

Some posts are just like putting "spanner in the works"

Robert said Navigator has a questionable record (bankruptcy)...
Gabriel said Navigator has been profitable for the past 3 yrs...
A search can inform clearly that Wilbur Ross has acquired Navigator in 2012 after its bankruptcy in 2006.
WL Ross is a billionaire investor whose company focuses on investments in financially distressed companies with undervalued stocks... WL Ross also has interest in Maersk shipping....