Management guided a full year PBT of RM10mil for this year, assuming RM8mil of profit after tax.

The earnings for 1H2023 was RM1mil, which means 2H2023 should be RM7mil with the FULL contribution of imedia and recent acquisition of new co and NCI.

Assuming the trend to continue to 1H2024, earnings for 1H2024 is assumed to be RM7mil as well (which is quite prudent considering there will be more acquisition and no more corporate finance fee on the injection next year).

In this case, forward 1 year earnings (2H2023 and 1H2024) will be RM7mil+RM7mil = RM14mil

Based on current market cap of RM151mil, forward 1-year P/E is just 10.8x based on my prudent forecast.

the key factor for the turnaround is the close down off loss-making stores and subsi, expect the positive trend to continue after current result

1. weaker 3Q is expected: weaker, but it won't be a drastic drop, expecting another profitable quarter but lower QoQ

2. even if you're looking at reported earnings, try and calculate how low the PE is. 2 consecutive quarters of profit after so many years show that Parkson has already turnaround, which will trigger a buy action from investor.

huge upside for a turnaround stock

superb result! reported earnings: RM19mil, add in the impairment loss, earnings is around RM30mil or EPS of 2.6sen! EPS for first half of 2023 will be 4.4 sen, make it to full year which means 8.8 sen, apply PE of 10, TP should be 88sen!

if we expect 1Q result to be the same with other quarters, full year EPS = EPS 1.8 sen x 4 quarters = 7.2 sen. If we use PE of 10, TP will be 72 sen!

YBS OBTAINING LOAN FROM OCBC

1. If anyone is doubting on which financial institution is going to be the funder.

2. Just google yourself.

3. "YBS will obtain $70 million in financing for manufacturing operations under the Agreement from OCBC Bank (Malaysia) Berhad (“OCBC”). Enovix is in discussions with OCBC to provide collateral for YBS’ financing arrangement."

Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Ministry of MITI: “I applaud YBS and Enovix for finalizing their agreement and establishing its manufacturing facility in Penang Science Park. This collaboration will create long-term opportunities for growth and employment in the clean technology sector.”

Yab Chow Kon Yeow, Chief Minister of Penang: “Penang has been a significant beneficiary of globalisation, playing a major role in global supply chains, not least in the E&E (electronics and electrical) sector. Key to our longstanding success and resilience has been the development, over the past five decades of a comprehensive local ecosystem comprising of multinationals (MNCs), large local corporations (LLCs) and small-medium enterprises (SMEs). The MNCs have played a significant role in developing our capabilities through providing opportunities to SMEs, who then have gone on to become LLCs, and in turn provide more, newer SMEs with similar opportunities. Indeed, I believe the collaboration between YBS International and Enovix Corp will follow a similar path.”

SIGNING CEREMONY OF ENOVIX & YBS

1. Some may think that the contract between Enovix and YBS is a trap.

2. Let the unbeliever to leave.

3. Fresh from oven, Enovix will hold an official signing ceremony with YBS on 1 August 2023.

4. MITI Minister and Penang CM will present.

5. According to Enovix, the agreement is nailed down. The terms are finalised.

6. Some may concern on the financing.

7. YBS is obtaining the loan with OCBC while Enovix will provide collateral.

8. Will bank reject a huge business that's secured with collateral?

9. It's only a matter of time.

10. Don't miss the boat.

The catalyst for this stock is the upliftment of PN17 status! The plan is:
1. dispose loss-making bus operation
2. inject more project to its construction arm

And looking at the latest quarterly report, its construction segment is making profit! Which means once the disposal is done, KTB as a group will turn profitable! And KTB will have a great chance to move out from PN17 status!

"At this point in time, one of the biggest advantages because of Covid-19 is that a lot of planes are sitting on the ground as they have no opportunity to get in the air," he said.
"So we were able to get planes on lease at a very good price."

https://www.malaysianow.com/news/2022/09/28/malaysias-newest-budget-airline-ready-to-take-off

how about the additional plane during post-covid period?

few questions on MyAirlines, how many flight do they have as compared to AirAsia? and, how can MyAirlines achieve economies of scale with such amount of flights? for second answer, I understood that MyAirlines have signed a long term agreement with super low cost during pandemic period, for only few flights. Hence, if it wishes to compete the cost structure with AirAsia in the long term, unlikely to replicate the strategy of obtaining super low lease rate already. Again, how are they able to surpass AirAsia?

what is happening on BIMB?

@faridfet surprisingly its share price still stays at current level, probably a good chance to buy

@TreeTopView can't agree more with that. From aminvest report, we see there is a almost certain growth in the next few years due to potential increase of rate from Kampar Putra Central, commencement of Bidor Sentral in 2023, and also the logistic tenant. It's a low risk high return investment from my view

medium-long term I believe Capital A is riding on a recovery train, unless there is another pandemic occurs.

but let's talk about the momentum, I guess it'll depends on today's closing price. If we see lower shadow candlestick with volume today, we can fairly assume there is a support here and remain cautiously optimistic of the short term trend. If it moves otherwise, expect a short-term downtrend in the coming days.

the losses is attributed to first quarter man, international border is reopened on April

remember this is a cyclical stock, the key is to sell at the peak, it's not for long term holding

the key for the update is: "Fernandes added that Capital A had received a clean audit opinion by its auditors Ernst & Young on April 29, denoting its ability to continue business for the foreseeable future. The auditors’ previous opinion of “material uncertainty related to going concern” on Capital A is now removed."

seems like nobody is concern on BIMB, it is one of the largest benefiter from OPR hike

seems like a good buy for long term, low valuation + good dividend+ recovery of economy + support by director

but looking at historical chart, the stock normally will fall after result release, then rebound to new high after few weeks, what was happening?

no matter what the PFF will still be recognized in this year, I guess 9/12 x RM30mil?
Zoros is still happy with the growth, keep it up Ptrans!

EPF will sub some of their fund to other asset management company, so if Company A buy, Company B might sell, so it will appear buy and sell at the same day