If you think about it Dialog's biggest profit contributor, their tank terminals, is not in O&G but in storage business, which could be divided into hazardous chemical products, flammable liquid fuel and low temperature & pressurised LNG.

Therefore, if the demand for storage and tank terminal service remain relevant, Dialog is not going out of business. As long as hazardous, flammable liquid be it chemical or fuel is being used, Dialog will be fine. If low temperature & pressurised gaseous chemical or fuel like Hydrogen is used, Dialog will be fine. Therefore, my POV is, if the form of chemical and fuel remains in liquid and gas state, Dialog can adapt.

@newbie8080 Question was raised during their Quarterly Result Briefing for 4Q2021, management mentioned that the total borrowing is only 1.5years worth of their expected earnings. which is around RM 500mil annually.

To me the lack of ability to pass through raising cost/hedge against devaluation of currency is more concerning as management mentioned in the briefing that they only have 1% fixed rate annual increment for their Don Sa Hong Hydro Powerplant tariff.

No

They changed their policy to pay out semi-annually so 2 times per year

Probably yes

killdavid,

Crude oil price high or low doesn't really impact their mid-stream business, their capacity usually fully occupied and on take or pay basis or long term contracts. Only minority is based on spot rate.

That being said, high crude oil price benefit their upstream and downstream business. For the upstream business, higher crude oil price higher profit, in 2019, upstream business contributes around 20% of their earning.

For their downstream business, higher crude oil price, more positive industry outlook, players more willing to expand/spend, more CAPEX, more contract for Dialog. That being said, although no break down in Annual Report, a considerable part of Dialog's downstream business is maintenance based.

Dialog earning proportional in 2019 were reported at upstream 20%, midstream 40% and downstream 40%. For cumulative 2021 earning constributed by midstream should be more than 50% earning cause net profit margin very high at 33% which is not typical for upstream and downstream business.

EatCoconutCanWin Perodua reduced its sales target to 214k from 250k previously for FY2021 it's lower than 2018 (227k),2019 (240k) and 2020 (220k) historical sales but still higher than my expected sales given that they have been facing chip shortage and shut down of production plants and showroom.

In many places of Malaysia including KL and Selangor, personal vehicle is a neccessity and Perodua offers the most affordable cars starting at 30k and with 7-yeras loan, monthly payment is less than RM600 for the cheapest AT Axia and slightly under RM650 for the cheapest AT Bezza.

Of course you could argue that 2nd hand cars and motorcycle is another option, but they serve a different group consumers most of the time. I think bad economy not a major concern to Perodua sales, since given the adverse economic prospect Perodua is expected to eats up marketshare from more premium foreign brands as well.

https://www.theedgemarkets.com/article/auto-sales-shrank-1921-units-june-maa-trims-tiv-forecast

Malaysia's Automotive Association (MAA) reduced Total Industry Volume (TIV) Forecast

Sunway main income source is from property development and it's a capital intensive business by nature, check out other property development company like E&O and ECOWORLD.

Other than that, Sunway has been quite active for the past year. Some of it is as below
I.) Sunway Carnival Expansion in Seberang Jaya, Penang (near completion)

II.) Sunway Medical Centre in Seberang Jaya, Penang (under construction)

III.) Acquisition of land near Sunway Velocity for RM 233 million.

IV.) Acquisition of land for Sunway Medical Centre in Kota Bahru, Kelantan

V.) Acquisition of Multicare Pharmacy for an undisclosed amount.

From their annoucement to sell 16% stake in Sunway Healthcare, Sunway's CEO said part of the proceed will be used to pare down the company's debt and fund its hospital expansion.

bobvic96

Not exactly, they already set aside a provisional sum for it, it won't hurts their balance sheet greatly as far as I am concern. It's not a huge sum for its size also.

bobvic96, earlier TNB has dispute on tax arrear with LHDN, previously quarter LHDN has give up on pursuing part of the tax arrear in question, hence the special dividend given. If the hearing in delay, the outcome on the courtcase will be delayed, no money in or money out.

Hi hcthey, may I please know where do you get the top 30 shareholder info?

Previously scheduled to end on June 2021, now extends to the end of this year.

https://paultan.org/2021/05/31/government-extends-sst-exemption-period-again-to-dec-30-2021-100-on-new-ckd-cars-50-for-cbu/

Hi, can anyone enlighten me on why TNB has been increasing its borrowing and where has the money went to? ROA is at pathetic level of 2.4% and interest coverage is only 4.9%.

From the official company announcement on BURSA.com:

"Preferential dividend of 5.25% per annum (based on the issue price of RM1.00 per ICPS) for the period from 3 December 2020 (being the issue date) up to and including 31 December 2020, in respect of the financial year ended 31 December 2020."

So yes, 0.416 sen per share

If you look at their annual report they have not been doing a good job at tracking it's benchmark so that might be a concern as well.

Meaning you don't have to worry about liquidity in normal conditions. That being said market maker have to obligation to do so and probably won't if there's extremes volatility and market crash. they're in it purely for the profit. I'm just bought my first batch last Friday just to try it out.

There will be market maker (other investment entity) to buy or seller at a slight (1-2%) discount or premium based on its net asset value (NAV) of the fund's underlying stock.

No dividend issued for this quarter. Most probably will only issue on November, once every year.

Final dividend = 0.18 per share
Special dividend = 0.40 per share

Hence, total = 0.58 per share or 58 cents per share.
RM 0.58 / RM 10.10 = 5.74% yield