The group expects the non-renewal of the Asahi agreements to have an annual net profit impact of approximately RM30 million in FY2024.

Very interesting discovery by the Maybank IB team.

16,908 ha freehold land worth more than its mkt cap
GENP is one of the largest freehold land owner in Peninsular Malaysia (PM)
with 16,908 ha, with 61% located in Johor, 18% in Malacca & Negeri
Sembilan, 18% in Kedah & Perak, and 3% in Selangor (ie. Sepang). GENP
continues to carry these valuable assets at their book values. As these
lands were amassed progressively since 1981, and strategically located on
highly populated areas of the west coast of PM, we estimate these freehold
land to be worth MYR7.25b or 1.5x GENP’s current market cap.

Its 10,397 ha Johor land is worth MYR5,656m
GENP has remaining 10,397 ha of freehold land in Johor, of which 2,555 ha
(or 6,311 acres) are located in the Iskandar region, making GENP one of
the largest landowner in Iskandar. GENP has two active township projects
in Johor - at Kulai and Batu Pahat. Since the 1990s, GENP has been
monetising some of its prime estate land via property developments.
Its freehold landbank offers good inflationary hedge
GENP has focused on aggressively growing its oil palm planted area from
48,710 ha in 2003 to 138,301 ha in 2022, translating to a CAGR of 5.4%. As
land values in Malaysia appreciate, most of GENP’s oil palm expansion over
the last two decades shifted to Indonesia. Naturally, the oil palm division
is the larger profit contributor, accounting for 67%-95% of its yearly group
core PBIT over the past 10 years, with the balance contributed by the
property division. In the past, the property division has helped to weather
the earnings of the group during periods of low oil palm profits.

Their losses wiped out whatever profits they earned during the petrochemical upcycle. Dont expect negative CF to sustain dividend payout.

What happened to Shang? share price got beaten even more severely than during pandemic lockdown

Budget 2024: Ceiling prices on chicken and eggs to be removed, allowing prices to float

https://mazda.com.my/vehicles/mazda-mx-30

No one likes LPI anymore? except 3i of course

The proposals will transform the enlarged Ekovest group into a listed public-private-partnership conglomerate in Malaysia, with interests in construction, property development, infrastructure, and plantations

The first proposal involves the proposed merger of the construction businesses of Ekovest and Knusford, whereby Knusford acquires the entire issued share capital of Ekovest
Construction Sdn Bhd - a wholly-owned subsidiary of Ekovest. The purchase consideration
payable by Knusford to Ekovest is proposed to be satisfied via the issuance of new ordinary
shares in Knusford at the proposed issue price of RM0.60 per new Knusford shares.
The Second proposal involves the proposed acquisition by Ekovest of 3 parcels of lands with
approximately 17 acres located in Johor Bahru, which are intended for potential two (2)
Transit-Oriented Development (TOD) along the alignment for the Johor Bahru–Singapore
Rapid Transit System Link. The purchase consideration payable by Ekovest to the vendors of
TOD 2 & TOD 3 is proposed to be satisfied via the combination of cash and the issuance of
new ordinary shares in Ekovest at the proposed issue price of RM0.60 per new Ekovest shares.
The third proposal is the proposed acquisition by Ekovest of at least 51% or more of the
issued share capital of Credence Resources Sdn Bhd (Credence), which presently holds
63.13% equity interest in IWH, which in turn holds 34.29% equity interest in IWCity. The
purchase consideration of payable by Ekovest to the vendors of Credence is proposed to be
satisfied via the issuance of new ordinary shares in Ekovest at the proposed issue price of
RM0.60 per new Ekovest shares.
The fourth proposal is the proposed merger of the properties and assets of IWH and IWCity
under a single entity through the acquisition by IWCity of the entire issued share capital of all
the existing direct subsidiaries of IWH. The purchase consideration payable by IWCity to IWH
is proposed to be satisfied via the issuance of new ordinary shares in IWCity to IWH at
proposed issue price of RM0.80 per new IWCity shares.

– Tan Sri Lim Kang Hoo, in his personal capacity
as a major shareholder of Ekovest Berhad (Ekovest), Knusford Berhad (Knusford),
Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Berhad
(IWCity), has today served a personal letter of proposals to convey his intention to undertake
a reorganisation, rationalisation and merger proposal involving these companies, for the
consideration of its board of directors. Ekovest owns approximately 62% in PLS Plantation
Berhad (PLS).
His proposal is intended to streamline, reorganise, rationalise and merge the businesses and
assets currently owned and controlled by himself and persons acting in concert, through the
various public listed and non-listed companies, as well as to consolidate his direct
shareholdings in the various companies.
The proposals will enable the enlarged Ekovest group to become one of the listed publicprivate-partnership conglomerates in Malaysia involves in construction, property development,
infrastructure, and plantation.

Yen sinks to 10-month-low after BOJ stresses need to keep easy policy. Positive for BAUTO

MBSB just merged with MIDF. impossible another corporate exercise so soon

More FPSO jobs amidst fewer contractors with proven track record. FPSO contractors would still be in high demand
by clients in the coming year (2024) as Brazil and Africa would still see more contract announcements. Due to the
importance of project execution and funding capability, barrier of entry into FPSO market remains high. YINSON remains
as one of the top FPSO contractors in the world and we believe they remain in very favourable negotiation position with
clients. To note, its top competitors (in terms of track record and trust from the clients) namely SBM and Modec already
have their hands full with 15-20 contracts to be executed, causing competition for new FPSO contracts to be lower than
previous years. Therefore, we believe FPSO contractor with track record and more balance sheet headroom would
benefit from this trend in FPSO industry in the coming years.

Before pandemic, this company was being priced above RM1.20. Fast forward today, they are doing RM1 billion revenue (double of what they used to earn). What do you thing the appropriate FV should be? currently, its just catching up due to severe sentiment priced into the property sector

Oil will hit 100/bbl soon

FY24 projected EPS (sen)

MBB - 33
HL - 30.1
KN - 24.5
MIDF - 27.8
PB - 18.4
RHB - 29
TA - 24.5

Big picture macro themes = food security & inflation + scarcity of farmland/cropland

There were 71,745 vehicles sold in Malaysia in August this year, 13% more than the 63,676 units sold in July, driven by improved supply chain issues and National Day promotional campaigns by some car companies.

According to the Malaysian Automotive Association (MAA), the number of vehicles sold in August this year is also 6% more than the 67,609 it reported a year ago.

Historical plantation PE 17x

Look at this way. you are getting paid 6% every year while waiting. this is cash rich company risk of bankruptcy is low. has dominant market share. stable earnings and cash flows.

Paramount Corp Bhd said it expects to report stronger earnings for the second half ending Dec 31, 2023 (2HFY2023), driven by new launches and ongoing efforts to improve its return on assets.

The group, which recorded property sales of RM617 million in 1HFY2023, has planned property launches worth RM700 million in gross development value for 2HFY2023, on the back of stronger product offerings and recovering demand for home buying. Our earnings recognition and future cash flow will be backed by our unbilled sales of RM1.5 billion for the rest of the year.

Paramount Corporation Bhd aims to launch properties worth RM1 billion by next year as sales momentum continues to be strong for the property industry.

Group chief executive officer and director Jeffrey Chew Sun Teong said the company is optimistic about achieving the sales target given its robust performance during the first half of 2023.

"We need to have a revenue of RM1 billion or more. This means that our property launches will have to be worth more than RM1 billion,” he told reporters after the company’s 1H FY2023 results briefing here today.

@DividendGuy67 The odds of me entering at RM23-24 is low, maybe less than 20% chance.

The odds turned into your favor.

Plantation is at least 1x BV

Hap Seng Consolidated, YTL Power climb on inclusion into FTSE's Asia-Pacific index in September

Coming quarter would be good because of disposal gain. Hope some sweeteners in the form of divvys.

OSK sum of parts min rm2.50
how much holding company discount, up to you

Major shareholder cashing out

Just hold. i have been holding this stock for 5 years. treat it as fixed deposit. you can choose to reinvest the dividends in this company or deploy elsewhere for better returns.

this company has good economics. generate huge cash flows with low capex requirements.

Basically, Tenaga is the proxy to country's energy transition

Any good news?

Totally agreed with the apt description "planting trees on a gold mine". time to unlock value of plantation due to scarcity of lands, food security, etc.

good news?

Selling of Guocera would unlock substantial value to us shareholders

negative for carlsberg

The proceeds will be placed with financial institutions pending identification of suitable
investment opportunities and expansion plans.

"The HLI group will continue to be involved in the manufacturing, assembling and distribution of motorcycles, scooters and related parts and
products; manufacturing and sale of ceramic tiles; and distribution and trading of marine-related products," it added

Hong Leong Industries Bhd (HLI) has proposed to dispose of its wholly-owned fibre cement products manufacturing subsidiary at an indicative price of RM79.5 million.

HLI said it will secure a net gain of RM12.9 million from the sale of Hume Cemboard Industries Sdn Bhd to Saint-Gobain Malaysia Sdn Bhd at the indicative price.

The final sale price will be determined later, said the group in a bourse filing, adding that the sale is expected to be completed in the second or third quarter of the financial year ending June 30, 2024.

Full year 22 sen dividends. Windfall year for us

KLCI has been red for 9 out of 10 years. whether its 1Malaysia, Malaysia Madani or whatever future concepts may be...KLCI performance has been consistent.

wow market so efficient. Q1 profit drop -67% HAPSENG market cap drop -43% YTD

If they can do EPS 80sen, PE 15x = RM12

HLI has been increasing their dividends over the years
2018 - 47sen
2019 - 50sen
2020 - 42sen (exception - covid hits)
2021 - 52sen
2022 - 52sen
2023 - 57sen
2024 - 60sen?

400mil of annual free cash flows for a 3 billion company

Heatwave = higher electricity usage, get it?

Its been 2 years since i bought UP. My cost back then was RM13.90 and i have collected RM2.20 dividends to date. Next month will collect RM1. My effective holding cost (ex dividends) would be RM10.70. If UP can provide conservatively 80sen DPS, my holding cost would become zero/ free shares in 13 years time or 70sen DPS in 15 years time. Conservative investors sleep well.

Family Mart (Japan’s second largest convenience store chain) is owned by Itochu.

Japan’s five largest trading companies — known as sogo shosha — are conglomerates that import everything from energy and metals to food and textiles into resource-scarce Japan.

The five are: Itochu 8001 +2.98%
Itochu Corp.
¥4,247
123
(2.98%)
Open
¥4,157
Volume
3.99M
P/E Ratio
7.58
Div Yield
3.30%
Market Cap
¥6.12T
4,145
4,257
(ticker: 8001.Japan), Mitsubishi 8058 +2.08% Corp. (8058.Japan), Mitsui 8031 +2.66% & Co. (8031.Japan), Sumitomo 8053 +3.19% Corp. (8053.Japan), and Marubeni 8002 +4.55%

Billionaire investor Warren Buffett said he’s planning to increase his investments in Japan’s biggest trading houses, pushing up the shares.
https://www.cnbc.com/2023/04/11/berkshire-japan.html

i eat Famima bread almost every morning & night