Source: https://www.theedgemarkets.com/article/axiata-confirms-subsidiary-isoc-edotcos-planned-rm342b-philippines-telecommunication-towers

I already told you guys last week about Axiata-PLDT. Try to scroll up.

News today 20 April 2022:
Axiata-Edotco confirms buying 2,973 telecommunication towers and related assets in the Philippines from PLDT Group units Smart Communications Inc (SMART) and Digitel Mobile Philippines Inc (DMPI) for 42 billion Philippine pesos (RM3.42 billion) in a move which will help the buyer establish a platform to accelerate organic and inorganic growth.

Both SMART and DMPI are part of PLDT Group, Philippines’ largest fully integrated telco company. Through its principal business group from fixed line to wireless, PLDT Group offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks.

Axiata-Edotco's confirms entered into a sale and purchase agreement with SMART and DMPI for the acquisition of the telecommunication assets.

The transaction increases Axiata-Edotco's exposure to the stable, fast-growing emerging markets, while diversifying its portfolio from the frontier markets. In particular, the Philippines presents a unique high-growth opportunity in a nascent tower market with strong governmental support and significant infrastructure needs.

Post transaction, Axiata-Edotco will cement its position as the sixth largest (ITC) independent tower company globally (6th largest in the world) and will be operating and managing a diversified portfolio of approximately 54,000 towers across Malaysia, Indonesia, the Philippines, Bangladesh, Pakistan, Cambodia, Myanmar, Laos and Sri Lanka.

Hi moneyontheway. im surprised to know that you sold TM shares at RM2.19. TM has a great potential man. Regarding ur question about my thoughts on TM shares:

1. First, Telekom has already have a service agreement with Digital Nasional Bhd (DNB) for the fibre leasing to provide 5G RAN-to-Edge fronthaul and backhaul as a single end-to-end solution to DNB over 10 years at RM2 billion. So with these, TM surely will translates to a one-off net profit accretion. Given TM’s critical role in the MyDigital initiative with its ownership of the nationwide fibre network, a faster pace of growth for its wholesale revenue beyond in FY22F. So far only TM and YTL are the only 2 telcos which reached an agreement with DNB in December last year on 5G services.

2. Secondly, TM longer term revenue growth could also accelerate with the group’s appointment as the sole Malaysian cloud provider for government data. TM is now well positioned as the sole Malaysian Cloud Service Provider for taking care the utmost important of government’s data. With MyDigital blueprint to shift towards a Cloud-First Strategy will target to migrate 80% of public data to a hybrid cloud system by end 2022.

3. Third, TM already secured green electricity tariff from TNB for three data centres in Klang Valley Core Data Centre (KVDC) in Cyberjaya, Iskandar Puteri Core Data Centre (IPDC) in Johor Baru, and KL City Data Centre (CTDC) in Brickfields.

4. Last but not least, 3.TM has recently announced its participation in a consortium to build the SEA-ME-WE 6 submarine cable system linking Malaysia with multiple countries. The submarine cable will provide TM with one of the lowest latency routes between Malaysia and Europe, providing an additional layer of network diversity and resilience for heavy traffic between the two regions. This should also allow TM to support the deployment of hyper-scale data centres and 5G network in the country.

All in all, i believe TM shares could rose to RM7 for mid term to long term atleast.

EPF back as one of the major shareholder again. Smile one.

U1818 do u have any other news link for english language? I would like to read too.

EPF will begin disbursing payments for the RM10,000 special withdrawal on Monday (April 18) instead of Wednesday (April 20) as originally scheduled, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

https://www.thestar.com.my/news/nation/2022/04/17/epf-to-begin-disburs...

prepare yourself for Padini my friend :)

EPF will begin disbursing payments for the RM10,000 special withdrawal on Monday (April 18) instead of Wednesday (April 20) as originally scheduled, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

https://www.thestar.com.my/news/nation/2022/04/17/epf-to-begin-disbursing-rm10000-special-withdrawal-on-april-18-not-april-20-says-tengku-zafrul

brace yourself for Aeon Co my friend :)

News Of PPB - 14 April 2022

1. PPB UTILITIES SEGMENT: Current Orderbook RM360 million + Soon RM400 million Brunei
PPB managing director Lim Soon Huat said the group is optimistic that its utilities segment will see a steady recovery in 2022 with the relaxation of social restrictions and recovering markets.

“We now qualify to participate in government tenders as a main contractor for water and sewage projects, and the market has recognised us as a capable infrastructure works contractor, thus opening more opportunities for the group."

“The group’s subsidiary Chemquest Sdn Bhd (CQ) has tendered for water projects in Malaysia and Brunei worth RM400 million and will continue to focus on opportunities in water, sewage and infrastructure projects," he added.

Last year, Chemquest Sdn Bhd CQ completed two water treatment plants in Johor and Sarawak worth RM87 million and secured three water projects in Sarawak, Johor and Kedah worth RM212 million, bringing its order book to a total of RM360 million as of Dec 31, 2021.

2. PPB ENTERTAINMENT SEGMENT: Launching 8 Big Cinema Halls & 50 New Screens This Year.
PPB Group Bhd, the owner of Golden Screen Cinemas Sdn Bhd (GSC), is optimistic that lifting of movement controls, relaxation of social restrictions and a strong line-up of movie blockbusters would boost cinema admissions.

“We are launching eight BIG cinema halls to provide a better immersive experience, and opening at least two Happy Food Co outlets during the year.

“GSC also targets to introduce new cinemas in Bintulu, Johor, Kuala Lumpur, and Putrajaya, with a total of 50 new screens," he said.

3. PPB PROPERTY SEGMENT: Residential Construction Completion On This 2Q22
PPB said its Megah Rise residential construction is nearing completion by the second quarter of 2022 (2Q22), adding that it is focusing on the retail mall’s scheduled opening in 4Q22.
“The management is also reviewing potential new developments in Penang and Bedong, Kedah," Lim added.

4. PPB GRAIN SEGMENT:
“We are committed to optimising operational efficiencies through our group’s extensive grain procurement experience and technical competency to mitigate the impact of rising raw materials and operating costs," he said.

Source: https://www.thestar.com.my/business/business-news/2022/04/14/gsc-owner-optimistic-of-recovery-targets-to-introduce-50-new-screens

HR minister: Nearly 180,000 applications to hire foreign workers to be processed in six weeks.

https://www.malaymail.com/amp/news/malaysia/2022/04/12/hr-minister-nearly-180000-applications-to-hire-foreign-workers-to-be-proces/2053107

Relax..

SERC sees Malaysia’s services sector recovery continuing.

The Socio-Economic Research Centre (SERC) says services sector such as wholesale, retail sector, entertainment, food & beverage will regain the strongest growth.

Its executive director Lee Heng Guie said in a virtual briefing the growth this year will be underpinned largely by a sustained rebound in domestic demand, especially private consumption and public spending.

According to Lee, domestic demand will anchor the recovery in 2022. While he revised higher his private consumption growth estimate to 6.5% in 2022 from 5.9% previously.

”While we reckon that pent-up demand, cash handouts and the fourth round of Employees Provident Fund (EPF) withdrawals will support consumer spending,”he said.

He said the services sector will regain the strongest growth, which is estimated at 6.1% in 2022 (1.9% in 2021), mainly due to the revival of domestic demand and the anticipated rebound of tourism and related services sectors, thanks to the reopening of international borders.

general sentiment on economy for PPB sector is nice.. huge potential for PPB's consumer product & PPB's GSC Cinemas to deliver stronger earnings growth.

News 13 April 2022:
SERC sees Malaysia’s services sector recovery continuing.

The Socio-Economic Research Centre (SERC) says services sector such as wholesale, retail sector, entertainment, food & beverage will regain the strongest growth.

Its executive director Lee Heng Guie said in a virtual briefing the growth this year will be underpinned largely by a sustained rebound in domestic demand, especially private consumption and public spending.

According to Lee, domestic demand will anchor the recovery in 2022. While he revised higher his private consumption growth estimate to 6.5% in 2022 from 5.9% previously.

”While we reckon that pent-up demand, cash handouts and the fourth round of Employees Provident Fund (EPF) withdrawals will support consumer spending,”he said.

He said the services sector will regain the strongest growth, which is estimated at 6.1% in 2022 (1.9% in 2021), mainly due to the revival of domestic demand and the anticipated rebound of tourism and related services sectors, thanks to the reopening of international borders.

general sentiment on economy for AEON sector is nice....

News 13 April 2022:
SERC sees Malaysia’s services sector recovery continuing.

The Socio-Economic Research Centre (SERC) says services sector such as wholesale, retail trade, entertainment, food & beverage will regain the strongest growth.

Its executive director Lee Heng Guie said in a virtual briefing the growth this year will be underpinned largely by a sustained rebound in domestic demand, especially private consumption and public spending.

According to Lee, domestic demand will anchor the recovery in 2022. While he revised higher his private consumption growth estimate to 6.5% in 2022 from 5.9% previously.

”While we reckon that pent-up demand, cash handouts and the fourth round of Employees Provident Fund (EPF) withdrawals will support consumer spending,”he said.

He said the services sector will regain the strongest growth, which is estimated at 6.1% in 2022 (1.9% in 2021), mainly due to the revival of domestic demand and the anticipated rebound of tourism and related services sectors.

general sentiment for economy on the Farm Fresh sector is nice..

News on 13 April 2022:
Perodua’s sales increased to 26,759 units in March 2022, 54% higher than the 17,421 units registered in the previous month February 2022.

In the first quarter of 2022, Perodua sold 61,624 units, 6% higher than the 57,909 units registered in the same period of 2021. As a result, Perodua had achieved 25% of its sales target for the year of 247,800 units.

Its top-selling models in the first quarter of the year were the recently face-lifted Myvi, followed by the Axia and Bezza. The group was pleased with the improved sales registered by Perodua in March 2022.

Not the issue Mr Lambsauce. Even the CEO disposing some of his shares. Let he reward a bit of his hardwork. Look at the share price since within 1 year 5 months:

1. 2 Nov 2020 - around rm0.60
2. 6 Apr 2022 - around rm1.65

The stock has rose to 150% under his leadership from date that i mention. So as long the company is on the right track, company profit margin is good, company keep growing. So no need to worry much.

Good news for PPB:
Malaysia's wholesale, retail trade sale up 8.5% to RM117.2bil in 2022.

Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the better performance to the retail trade sub-sector which increased by 10.2 per cent or RM4.5 billion to RM48.8 billion.

The retail sales of food, beverages and tobacco also increased by 8.6 per cent.

"This was followed by wholesale of food, beverages and tobacco which grew by 9.2 per cent to RM10.9 billion," said Mohd Uzir, adding that the wholesale of agricultural raw materials and live animals also increased 15.9 per cent to RM4.7 billion.

Other groups in this sector also recorded positive growth, name retail sales of household goods (+9.8 per cent) and retail sales in specialised stores (+5.6 per cent), for retail sales in non-specialised stores which also grew 15.9 per cent or RM2.5 billion to RM18.3 billion.” he said.

https://www.thestar.com.my/business/business-news/2022/04/11/malaysia039s-wholesale-retail-trade-sale-up-85-to-rm1172bil-in-feb-2022

Good news for MBMR 11 April 2022:
Malaysia's wholesale, retail trade sales up 8.5% to RM117.2bil in Feb 2022

Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM).

Vehicles sector had expanded by 12.5 per cent or RM1.4 billion to RM12.5 billion in February 2022, attributed to sales of vehicles parts and accessories which increased 27 per cent to RM3.5 billion.

The expansion was also supported by the growth in maintenance and repair of vehicles (+27.3 per cent), sales of vehicles (+3.3 per cent), as well as sales, maintenance and repair of motorcycles (+5.1 per cent).

https://www.thestar.com.my/business/business-news/2022/04/11/malaysia039s-wholesale-retail-trade-sale-up-85-to-rm1172bil-in-feb-2022

Anyway, good news for Farm Fresh:

Malaysia's wholesale, retail trade sale up 8.5% to RM117.2bil in 2022.

Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the better performance to the retail trade sub-sector which increased by 10.2 per cent or RM4.5 billion to RM48.8 billion.

The retail sales of food, beverages and tobacco also increased by 8.6 per cent.

"This was followed by wholesale of food, beverages and tobacco which grew by 9.2 per cent to RM10.9 billion," said Mohd Uzir, adding that the wholesale of agricultural raw materials and live animals also increased 15.9 per cent to RM4.7 billion.

https://www.thestar.com.my/business/business-news/2022/04/11/malaysia039s-wholesale-retail-trade-sale-up-85-to-rm1172bil-in-feb-2022

Mr rr88 kepala petak, ekor ciput. you dont worry too much to cut loss or not because recently you emphasis that when puasa time coming, the whole stock market and companies will surely follow to sleep.

More over, you also said that the indicator for Farm Fresh sales is look at the whole Malaysian will only choose tebu water and coconut water rather they choose any other drinks such as Farm Fresh, etc etc. That is a very comprehensive research and data you publish man. That is why i think your investing method of Fundamental Analysis is almost similar like Warren Buffet. We glad to have you man.

Good news for retail sector like AEON stock:

MALAYSIA WHOLESALE & RETAIL TRADE SALE UP 8.5% TO RM117.2 BILLION IN FEB 2022

Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the better performance to the retail trade sub-sector which increased by 10.2 per cent or RM4.5 billion to RM48.8 billion.

https://www.thestar.com.my/business/business-news/2022/04/11/malaysia039s-wholesale-retail-trade-sale-up-85-to-rm1172bil-in-feb-2022

Farm Fresh is one of the major beneficiary of such massive cash injection from government that will give direct impact into the food & beverages sector.

Cash injection by government to Malaysians for this 2022:
1. Bantuan Keluarga Malaysia (BRIM alike)
-total allocation of RM8.2 billion cash injection
-payout starting 28 March 2022, June 2022
-Malaysian will receive rm350 to rm2300
-B40 major recipient
https://www.theedgemarkets.com/article/tengku-zafrul-rm82b-bantuan-kel...

2. EPF withdrawal one-off RM10,000
-total allocation RM63 billion cash injection
-payout starting 20 April 2022
-Malaysian will receive RM10,000 in one-single-payment
-B40, M40, T20
https://www.theedgemarkets.com/article/pm-ismail-sabri-says-government...

3. RM500 raya bonus for civil servants & RM200 for retirees
-total allocation RM923 million cash injection
-payout starting 25 April 2022
-2 million civil servants recipient
https://www.nst.com.my/news/nation/2022/04/786124/pm-announces-rm500-s...

4. RM150 for diploma & degree students
-total allocation RM300 million
-payout starting 11 April to 1 June 2022
-2 million students recipient
https://www.thestar.com.my/news/nation/2022/04/10/rm300mil-set-aside-for-epemula-to-benefit-some-two-million-youths-tertiary-students

5. RM1000 raya bonus for civil servants under Selangor-state-government only
-total allocation RM39.15 million
-payout starting 27 April 2022
https://www.freemalaysiatoday.com/category/nation/2022/04/08/one-month-raya-bonus-for-selangor-civil-servants/

6. Not to meantion our Muslim friends will spend extra for this Ramadhan fasting on April & Raya Aidilfitri on May together add up with their salary to be spend

A total nearly RM73 billion of massive cash injection from government will contribute to local economic growth and stimulate spending growth especially to Food & Beverage sector like Farm Fresh. You can imagine my friend the next coming quarter report Farm Fresh earnings and profit. So the real Farm Fresh fly-price will start on the date of those payout above stated. Now only warming up, it is not too late to buy this stock.

U sendiri tau ma, Malaysian bila ada duit suka makan-minum. Sikit-sikit lets go find some food, sikit-sikit lets go find some drink.

The underlying of Farm Fresh company is also backed and trusted by 30 cornerstone investor (foreign and local institution). Atleast it shows how confident theirs to this Farm Fresh company.
The list: https://www.thesundaily.my/business/farm-fresh-to-raise-rm1b-in-march-ipo-EI8903125

Yes. Correct Mr ken2004, they got plenty to keep buy to keep average down.

KUMPULAN WANG PERSARAAN acquired MY E.G. SERVICES BHD 1,642,800 shares on 06-Apr-2022.

Wow!

EPF acquired 41,100 PPB Group Bhd shares on 05-Apr-2022.

Nice.. slow and steady..

Thanks U1818. MYEG the sole company that will cover the Covid19 test for Kota Kinabalu International Airport.

Its okay rezzare, its still good MYEG got to handle the 2nd largest airport passenger in Malaysia. still significant.

Latest update:
EPF acquired 1,255,400 Farm Fresh Bhd shares on 05-Apr-2022.
EPF acquired 376,500 Farm Fresh Bhd shares on 05-Apr-2022.

From 30 Mac to 5 April, the total of EPF acquired Farm Fresh shares is 5,670,200 shares.

EPF has acquired 10 times repetitive purchase of Farm Fresh shares within 6 days only.

Huat ah Mr ccpool! huat chai Mr DickyMe!

New news for Axiata:
PLDT Inc, Philippines’ biggest telecommunications and digital services provider by market value, has picked Edotco Group Sdn Bhd (Axiata's subsidiary) as the preferred bidders for its local towers.

Edotco with its bidder partner; EdgePoint Infrastructure, Digital Bridge and Abu Dhabi Investment Authority is in exclusive talks with PLDT for a portfolio of about 3,000 towers in the greater Manila area. Malaysia’s telecommunications tower firm Edotco has entered into exclusive discussions for another 3,000 tower outside of Manila.

The exclusive talks is to purchase PLDT’s 3,000 towers in Manila and another 3,000 towers outside of Manila.

The two deals is valued at about US$1.5 billion (RM6.32 billion) and agreements could be reached as soon as in the coming days.

PLDT has been working with an advisor to find a buyer for its phone towers in the Philippines, Bloomberg News reported.

PLDT, which has a market value of about 392 billion pesos (RM32.2 billion), counts Japan’s Nippon Telegraph & Telephone Corp and Hong Kong-based investment firm First Pacific Co among its major shareholders, according to data compiled by Bloomberg.

Preliminary estimates suggest that the valuation for the towers is fair. Also note that the telco sector in the Philippines has grown rapidly in recent years amid the increasing demand for connectivity. There is a need to expand and upgrade existing infrastructure to improve on quality and coverage.

PLDT is the biggest telecommunications and digital services provider (by market value) in the Philippines and it is looking to selling and leasing back its telco towers.

Currently Axiata's portfolio of mobile and infrastructure services are:
1. Axiata: Celcom - Malaysia
2. Axiata: XL - Indonesia
3. Axiata: Robi - Bangladesh
4. Axiata: Dialog - Sri Lanka
5. Axiata: Smart - Cambodia
6. Axiata: Ncell - Nepal
7. Axiata: PLDT - Philippines (Soon my friend)

So do you think PLDT Philippines is confident with our Axiata capability, experience and its portfolio to be the winner for the bid? you tell the answer my friend...

https://www.thestar.com.my/business/business-news/2022/04/06/edotco-among-bidders-for-tower-jobs-in----------------------the-philippines

thanks moneyontheway. anyway good name money-on-the-way haha

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ - your name is too long my friend. however, what you said is correct. PPB has a very strong balance sheet and indeed the PPB stock price is at a fair price today.

-EPF acquired 454,000 shares Farm Fresh Bhd on 01-Apr-2022.
-EPF acquired 371,300 shares Farm Fresh Bhd on 01-Apr-2022.
-EPF acquired 136,100 shares Farm Fresh Bhd on 01-Apr-2022.
-EPF acquired 1,210,500 shares Farm Fresh Bhd on 31-Mar-2022.
-EPF acquired 669,000 shares Farm Fresh Bhd on 31-Mar-2022.
-EPF acquired 363,000 shares Farm Fresh Bhd on 31-Mar-2022.
-EPF acquired 641,900 shares Farm Fresh Bhd on 30-Mar-2022.
-EPF acquired 192,500 shares Farm Fresh Bhd on 30-Mar-2022.

From 28 Mac 2022 to 31 Mac 2022 trader sell the shares for 4 consecutive days but see how EPF collect by buying the dips? EPF acquired 2.2 million shares on the day retailer sell on 31 Mac 2022.

This stock is relax.. slow and steady..

Worry about Axiata-Digi merger? Look here another sudden takeover proposal to buyout 4 toll highways for purpose to keep the current toll rates unchanged with no further increases until end of concession. Why? because of the coming General Election (GE15) gov wanted to please the public and corporate in exchange gov wanted to get the feel good factor before they proceed to GE15.

Gamuda also recently says everyone wins with Amanat Lebuhraya Rakyat Berhad’s takeover offer. Of course it will please the public because of no further increases toll and please the corporate such as MMC Corp, Gamuda Berhad, LTK Holdings, KPS Berhad which corporate will get billion from that takeover.

This same goes to the merger of Axiata & Digi, MCMC will let this success this time. GE15 is not tiap-tiap tahun maa. 4 or 5 years once. So the gov will make sure everyone is happy.

-EPF acquired 8,500 shares on 01-Apr-2022.
-EPF acquired 37,600 shares on 30-Mar-2022.

huat chai, huat ah

Enjoy atleast till this coming quater report.

Correct rezzare. Extension from the previous announcement October 2021.

The extension of time will be 6 months from 26 April 2022 to 25 October 2022 for the Company to complete the implementation of the Proposed Placement.

Russel, this is because AEON is one of the major beneficiary of such massive cash injection from government will give direct impact into the retails market.

Cash injection by government to Malaysians for this 2022:
1. Bantuan Keluarga Malaysia (BRIM alike)
-total allocation of RM8.2 billion cash injection
-payout starting 28 March 2022, June 2022, Sept 2022
-Malaysian will receive rm350 to rm2300
-B40 major recipient
https://www.theedgemarkets.com/article/tengku-zafrul-rm82b-bantuan-kel...

2. EPF withdrawal one-off RM10,000
-total allocation RM63 billion cash injection
-payout starting 20 April 2022
-Malaysian will receive RM10,000 in one-single-payment
-B40, M40, T20
https://www.theedgemarkets.com/article/pm-ismail-sabri-says-government...

3. RM500 raya bonus for civil servants & RM200 for retirees
-total allocation RM923 million cash injection
-payout starting 25 April 2022
-2 million civil servants recipient
https://www.nst.com.my/news/nation/2022/04/786124/pm-announces-rm500-s...

4. Not to mentioned Muslim will spend extra for Ramadhan Fasting & Raya Aidilfitri add up with their salary to be spend.

A total nearly RM73 billion will contribute to local economic growth and stimulate spending growth especially retail like AEON.

That is why the research house/investment bank announced that AEON target price could reach RM2.90

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) acquired 242,400 MYEG shares on 29-Mar-2022.

Huat ah 888!

-EPF acquired 200,000 MBMR shares on 31-Mar-2022.
-EPF acquired 147,600 MBMR shares on 31-Mar-2022.
-EPF acquired 146,000 MBMR shares on 30-Mar-2022.
-EPF acquired 143,600 MBMR shares on 29-Mar-2022.

huat ah 888!

enjoy the trend rezzare. it is okay as long as the demand for buy volume is there. try to look back the buy volume from 16 mac to 28 mac. it was 9 consecutive days of buy demand. green green green. huat ah.

Kenanga Investment Bank Berhad announced today 5th April 2022:

1. They reiterate to buy Aeon is one of the undervalued large cap stocks
2. Margins looking solid as both are not affected by volatile raw materials prices
3. Financial muscle to absorb rising costs
4. Laggard position for the effect of inflation
5. Demand ahead looks likely to be supported by incoming festivities boosting sales which retailers will be up towards full utilization.
6. Consumer sentimet recovering: The MIER Consumen Sentiment Index has showed improved sentiments since mid September 2021 as the national Recovery Phase took effect. Driven by the reopening of the economy and pent-up demand, this improved sentiment looks likely to hold ahead.
7. More so with BNM pledging to keep interest rates at an accommodative level to support the nascent economic recovery.

Huat Ah 888!

nice news U1818. thanks for the links. Indeed for MYEG in Malaysia, the foreign workers job is one of the main revenue which are foreign workers permit, job matching and dormitories. Huat ah 888!

we are heading to General Election (GE15) soon this year. The gov will always wanted to have feel good factor before they proceed GE15. See how MOF & MCMC suddenly adjust their stand of full DNB to be offer the equity stake to MNO up to 70%.

This DNB's equity participation looks more a goodwill gesture to the MNOs in exchange for supporting DNB’s SWN, so with these offer, less noise will be around to DNB and MCMC. This same goes as the Merger of Axiata and Digi too.

Other situation that can be seen how gov change their decision:
1. Uturn the decision to allow the 10K EPF withdrawal
2. Uturn the 5G stands which Digital Nasional Berhad has offering their stake to MNOs up to 70% equity
3. Suddenly announced the MRT3 projects this year.
4. BNM announced that decision of Digital Banking License must be awarded this year.

All these is a sign of current gov want to get the feel good factor from the public and corporate. So i think it is only a matter of time the merger of Axiata & Digi will be success this time. In this country the factor related to politics cannot be rule out, lebih-lebih lagi GE15 is around the corner.

MBMR will skyrocket until 30 June 2022. Still have a lot of time. Cheers mate.

News on 5th April 2022:
Perodua registered sales of 61,624 vehicles in the first quarter of the year, a 6.4% jump from 57,909 vehicles in the same period in 2021.

Sales in March alone jumped 9.5% year-on-year to 26.759 vehicles compared with February 2022.

According to Perodua president and CEO Datuk Zainal Abidin Ahmad, the auto company was able to work with its suppliers and dealers to less the impact of Covid-19 and component supply issues.

Our focus is now to expedite the vehicles delivery to our customers before the sales tax exemption deadline ends on 30 June 2022.

Perodua also echoes MAA’s (Malaysia Automotive Association) request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry.

He added that the government's sales tax exemption helped to keep demand high and sustain the industry.

Moving forward, Zainal said the second quarter of 2022 will be the highlight of the automotive industry as brands will deliver as many vehicles as possible within the three-month period.

We do not foresee other factors such as the conflict between Russia and Ukraine to have a major impact on Perodua’s production moving forward.

https://www.thestar.com.my/business/business-news/2022/04/05/perodua-sales-rise-64-to-61624-units-in-1q0392022

correct Mr software guy

correct Elloworld.

you are right cn21, prospects continued strong demand for vehicles supported by favorable interest rates & continuation of sales tax exemption until 30 June 2022 plus with the weakening of the JPY currency will benefit MBMR which company have some imported content exposure to the Yen, but its model are highly localised in general. However, MBMR still could benefit from the strengthening of the ringgit, through their equity stakes as the automaker would enjoy lower landed costs in ringgit terms.

The demand for Perodua cars also remains healthy with most of its models having longer than a two-month waiting period. Perodua said this is a good sign of their sales.

Not to mentioned, Perodua is aiming to revamp its dealership network by double the numbers of its 3S (sales, services, and spare parts) outlets within this 4 years. This should further strengthen Perodua’s after-sales service and branding.

So just relax and stay the sweet journey of MBMR for this 2022, atleast enjoy the next quarter report because SST exemption has been extended until 30 June 2022.

that is formality only. relax. so later on no issue will be arise.

ccpool you said those 30cornerstone as these institution will not hold on into the red, so u said dont buy this ffb stock but when epf institution bought back you said it is a nice trap. actually what u really want haha.

why not get some sleep, so u can relax abit. just one thing to say, ff ipo issue rm1.35, now the current price still above the ipo issue. relax maa.

Value:
1. Axiata value at RM34.78 billion
2. Digi.Com value at RM30.32 billion

Axiata would receive cash consideration of approximately RM2 billion:
1. RM1.7 billion is from Digi.Com
2. RM300 million from Digi.Com’s parent company, Norwegian telecommunications giant Telenor ASA.

Huat ah! 888

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