https://www.theborneopost.com/2024/09/16/sarawak-to-build-bio-refinery-in-bintulu-says-abg-johari/

Price Target:
7.30

No decrease in LNG shipments for BiPort. There were a series of disruptions for LNG operations in 2QFY24 and 3QFY24. On 10 May 2024, Petronas-owned LNG facility in Bintulu was struck by power outage, and fully resumed operations 9 days after that. Another disruption occurred in August 2024 involving 2 production trains in MLNG 3. We gather that LNG export volumes were not affected. Both MLNG and Petronas will defer and optimise LNG shipments in 2HFY24 to meet their yearly contractual agreements. As a result, earnings for 2HFY24 are expected to be better due to deferred cargoes from 1HFY24.

State takeover of Bintulu Port by end-2024. On 17 July, a bill to repeal Bintulu Port Authority Act 1981 was approved. The next step is for the bill to be gazetted and enforced as law. The agreement is expected to be finalised by the end of 2024, coinciding with the expirations of the current 2-year interim concession in December 2024. Hence, we assume the new concession will commence in January 2025 for a period of 30 years.

top up some @ RM 14.94 today

RM 207.50 X 10% hike in tariff rate = RM RM 20.70 per twenty-foot equivalent unit.

“This will pave the way for a new concession in January 2025, and a 10 per cent hike in Bintulu Port’s tariffs by FY25, based on our prediction,” Kenanga Research said.

Recall, there has not been any revision to Bintulu Port’s tariffs since 1993 and its tariff is 38 per cent lower than that of Samalaju Industrial Port.

It currently charges RM207.50 per twenty-foot equivalent unit (TEU) for local containers, versus RM335 per TEU charged by Samalaju Industrial Port.

KUCHING (Sept 4): Bintulu Port Holdings Bhd (Bintulu Port) expects stable liquefied natural gas (LNG) supply in the second half of financial year 2024 (2HFY24) upon commissioning of the Jerun gas field and Kasawari gas development project.

https://www.theborneopost.com/2024/09/04/stronger-outlook-for-bintulu-ports-2h-on-jerun-kasawari-gas-projects/

It becomes conglomerate .

Look like this mgt is looking forward for long term sustainable segment i.e renewable energy and recession proof
segments..

Sb says that good mgt must possess the following criteria:-
1). Trustable mgt team
2). Long term view
3). Take care of minority

How many criteria does Mfcb mgt full fill?

https://theedgemalaysia.com/node/725444

https://theedgemalaysia.com/node/725450?client_hour_clock=24&clientlang=2

https://www.nst.com.my/business/corporate/2024/09/1100750/backlog-lng-tankers-bintulu-complex-after-maintenance-work

Definately it goes in the direction which is opposite to your desired direction...

@NoTime
wondering what is your technical supporting price..?

Hi Willtolive, i guess you are talking about CSC Agruculture Holding S/B..

PETALING JAYA: Mega First Corp Bhd’s (MFCB) venture into fruit and vegetable farming is not expected to contribute significantly to its earnings.

The group, which is involved in the power, resources, and property segments, said on Wednesday that it intends to acquire a 64% stake in plantation firm, CSC Agriculture Holdings Sdn Bhd (CSCAH), for RM25mil.

Ya, CCB refer to Cycle & Carriage Bintang.

28/8/2024 i have participated in the MFCB Q2 online investor briefing.
Outlook is look for Q3. If you intend to keep a copy of the briefing, you can go MFCB website, on the right hand corner, try to look for the investor briefing PDF notes and download to aid your investment decision

@ocbc. i already sold back my CCB shares during their 2nd offer, due to my inexperience my maybank remiser said my CCB shares ought to be sold. In fact, later i checked from other sources, if you intend to keep the shares forever even after privitisation, no one can force you to sell..

Btw, good to see you also interested in this counter

https://www.thestar.com.my/news/nation/2024/01/18/new-water-tariffs-for-johor-in-effect-from-feb-1

Wondering why increase in water tariff in Feb 2024 still couldn't more sales revenue in Q2 (1/4/2024-30/6/2024)?

https://www.theborneopost.com/2024/08/28/uggah-sarawak-govt-to-take-full-control-of-bintulu-port-by-december/

KUCHING (Aug 28): Deputy Premier Datuk Amar Douglas Uggah Embas has confirmed that a clear timeline has been set for the full handover of Bintulu Port to the Sarawak government by this December.

In a statement, he said a key meeting was held in Putrajaya today, in line with the Memorandum of Understanding (MOU) between the federal and Sarawak governments, which outlines the transition of Bintulu Port from a federal port to a state port.

Uggah, who is also Sarawak Minister of Infrastructure and Ports Development, and federal Transport Minister Anthony Loke co-chaired the Joint Federal-State Committee at the Ministry of Transport Malaysia office in Putrajaya.

He said the purpose of this meeting was to address any outstanding issues and to ensure a seamless transition of Bintulu Port to the Bintulu Port Authority (Sarawak).

“We have established a clear timeline, and we are on track for the port to be fully handed over by the end of December 2024,” he said.

He added this meeting also marked the first convening of the joint committee since the successful passage of the Bintulu Port Authority (Dissolution) Act 2024 in Parliament on July 17, this year.

According to press reports, the Dewan Rakyat had on July 17 approved the Bintulu Port Authority (Dissolution) Bill 2024 and the Declaration of an Area in the Bintulu District to be a Federal Port (Repeal) Bill 2024.

The Bintulu Port Authority (Dissolution) Bill, sought to repeal the Bintulu Port Authority Act 1981, to dissolve the Bintulu Port Authority established under the act, to provide for the vesting of its properties to the government or Sarawak state government or any entity empowered or appointed by the state government under the relevant written laws and to provide for related matters.

The Declaration of an Area in the Bintulu District to be a Federal Port (Repeal) Bill 2024, sought to repeal the Declaration of an Area in the Bintulu District to be a Federal Port Act 1979, following the change in the status of Bintulu Port from a federal port to a state port.

Uggah had said on July 18 that all ports across Sarawak now belonged to the state government following the handing over of Bintulu Port.

Deputy Prime Minister Datuk Seri Fadillah Yusof had on July 17 said the dissolution of Bintulu Port Authority and the change in the status of Bintulu Port from a federal port to a state port were in line with the Malaysia Agreement 1963 (MA63).

He also mentioned the move was also in accordance with the Port Authorities Ordinance 1961 where all ports in Sarawak are under the authority of the state government.

i guess @Will refer to D&O Green Technology Bhd..

Wondering why MFCB share price is affected by D&O..?

In the second half of FY24, Kenanga said the the focus for the group will be on the completion of the new Bintulu Port Authority Sarawak (BPAS), which is anticipated by the end of the year. This transition, which includes an interim lease agreement until December 2024, is not expected to disrupt port operations. The Bintulu Port (Dissolution) Bill 2024 has already been passed, and the new Port Operation Agreement is in the works. Despite this, BIPORT’s earnings growth for 2025 may be muted unless there are changes in tariff structures.

Seasonal or cyclical factors
The Group’s principal business operations were not significantly affected by seasonal
or cyclical factors other than its Renewable Energy Division where hydropower
generation is subject to seasonal fluctuation of the water level. Normally, the water
level will peak between June and November during the wet season. More detailed
commentary is set out in Notes B3 and B4 to these financial statements.

Omg bad QR

wondering why so cool here
anybody riding it..
seem like most people miss this tiny boat..

Sinking ship..

https://www.reuters.com/business/energy/petrochemicals-giant-sabic-post-85-second-quarter-profit-leap-2024-08-01/

Can this good news stop this falling knife..

turbulence ahead..hold tie tie..

mayday mayday RM 0.80 support lost..

omg..pchem disappointed me..

gg 了吗？

Apex Securities starts coverage on Solarvest, target price RM1.95
By Surin Murugiah / theedgemalaysia.com
20 Jun 2024, 09:28 am

...'Apex said its bullish stance stems from several key factors: (i) direct proxy to Malaysia’s renewable energy (RE) target under the National Energy Transition Roadmap, (ii) Solarvest's solid track record, having completed 1.2GW of projects, which is the highest among peers, (iii) Solarvest's efforts in building a solar empire to generate diversified revenue streams, (iv) uniqueness of Solarvest's in-house solar financing programme Powervest, which fosters the adoption of solar photovoltaics in the commercial and industrial solar sectors, (v) consistent capture of an average 20% market share of engineering, procurement, construction and commissioning jobs from LSS 1, 2 and 4, (vi) Solarvest's robust tender book, currently standing at 6.1GW (Malaysia 4.0GW and Overseas 2.0GW) and (vii) normalising of solar module prices.'

https://www.enanyang.my/%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1/%E3%80%90%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1%E3%80%91%E6%B0%91%E9%83%BD%E9%B2%81%E6%B8%AF%E5%8F%A3-%E7%A0%82%E5%B7%9E%E9%A1%B9%E7%9B%AE%E6%94%AF%E6%92%91%E5%B1%95%E6%9C%9B

https://sarawak.sinchew.com.my/news/20240724/sarawak/5786597

https://dayakdaily.com/worlds-first-gas-derived-butter-bintulu-emerging-as-key-town-in-swaks-economic-transformation/

Putrajaya finally hands over Bintulu Port to Sarawak

https://www.themalaysianinsight.com/s/485605

very good point @Donator
Magnum still value buy@RM1.26

Today submit proposal to parliment to approve to allow Biport to be self-managed by Sarawak govt
Good luck comrades..

At this price RM 15.1x, anyone dares to buy in..

Whether it is at the bottom or not definately need to see what the operator thinks this price is sufficient to force out the unstable buyers or not..

Today (12 July 2024) is a very important day for Bintulu.
Cabinet discuss whether to allow Bintulu Port to be managed by Sarawak Government itself or not..

Good luck to the holders..

https://dayakdaily.com/fed-govt-expected-to-table-bill-to-repeal-bintulu-port-authority-act-1981-in-next-weeks-parlimanent/

Well said @targetinvest
Thanks a lots

if you buy it you deserve to loss..

Like this Hpmt becomes AI Data Centre related share

correct NFO win the case and state govt need to pay compensation..

Good info
Thanks to those who contribute the plus points

Market price Definately interesting this afternoon..

bargain apa?
dead stock..

Omg gg.com