TNB up on RE Thame Play. Future electricity demand growth will be stronger than in the past bcos of DC, export green electicity to Singapore, EV car etc.

Acquired Amsteel Bukit Raja land RM352m. Gearing go up from 0.34 to 0.42. Year end Private Placement again?

Since Axis price movement is quite stable, PP placees r biggest winner since they got discount about 5%.

Last 2 day daily volumn of 9m share tell us that
investors are now buying KSL solid earning story even without dividend, which is similar to internet stock.

Stock can continue uptrend with growth drivers remain intact as KSL continue to launch more JB project, higher selling price and thus higher profit margin.

Wow! Magic of Creative accounting (accrual of fuel expense) help AAX come out from PN17 by showing consecutive qtr profits!😂

Maybank expect decent loan growth in 2024!

'Maybank sees 2024 loan growth slowing to 6%-7% from 9.2% in 2023'

https://theedgemalaysia.com/node/702762

These country rely weak currency to spur strong economy growth & stock mkt. PMX policy is on same path! With 2023 current account surplus drop to 1% from 15% in early 2000, it will swing to deficit soon. As PMX want GDP 4-5% grow yearly, more aid n subsidy for B40, higher govt debt, weak RM is the way to go n new trend!!

No rush to sell. Investors still like Tnb 2023 figure eg Sales grow 5.3%, electricity demand grow 3.8%

Msia current account surplus have drop from 15% in early 2000 to 1.7% of GDP in 2023. With more subsidiary, aids, goodies, higher fiscal deficit, the current account will turn to deficit soon. As so, weak Ringgit will persist and become new trend!

Weak RM mean higher equity cost for foreign investors, thus lower PE & Valuation for Bursa!

Want to debate? He talk nonsense again. As a minister, he should know his priorities now is take care his health and ministry job!

CLMT are leveraging parent network to grow the company. Prevously, QBM, Shah Alam DC, and now Nusajaya factory.

The 3 factory RM27m, though small, look like a good deal, bought from Nusajaya TechPark SB, is owned by Ascendas Land (M)SB, Which in turn partly owned by Capitaland Group Pte Ltd.

Johor govt want to grow population to 6m by 2030 from 4m now. Big housing demand in Johor !!!

"MIDF Research said Johor had to grow its economy by 8.9% per annum in 2022-2030 to achieve the targets under RSNJ2030, which included a real gross domestic product (GDP) of RM281.7bil and a GDP per capita of RM45,300, with a population size of 6.2 million, by 2030. As of 2022, the state’s GDP per capita was RM35,300, with a population size of 4.03 million"

https://www.thestar.com.my/business/business-news/2024/02/01/johor-theme-forecast-to-be-on-upward-trajectory

QR due today. Expect slight Improve result on operation. Improvement of 2 prime mall in growing city of Penang should be able offset the underperformance of 3 KL mall. Expect impairment loss on KL malls.

KL now is a stagnant or slow growth city because of cancellation of mega project. Not only CLMT mall, almost all secondary mall in KL are struggling... So far, govt is not doing anything except for revival of MRT3. The rest is talk only .........

4q23 result better than expected. Div 2.4sen. 2023 rent reversion 5.9%. Trouble Axis Steel Centre@ SiLC found tenant.

Likely qtr div 2.4sen is sustainable in 2024.

Strong emphasis on Green factory make Axis stand out n continue attract tenant.

This article tell u y Japan pull out from HSR.

Basically After Japan pull out, Chinese consortium need not made very competitive offer.

Govt hope of not guaranteed hsr loan look like gone .....

KSL, a growth stock which earning continued to be driven by JB projects.

In 2023, KSL launched 3 JB township project ie KSL Pulai Bestari (190 acre), KSL Elma (84 acre), KSL Azalea (180 acre). This townships will contribute earning in 2024 and onward. KSL last JB township launched is Mutiara Bestari (100 acre) in 2018.

As for KSL Klang Mall, very low traffic means it is for 'long term investment'. Director is right to reduce mall gross floor area from 2m to 1m sf and refuse to borrow money to finance this mall. Since the mall is completed now, all the shareholders are waiting dividend to be paid again .....

Generally, every year January
Share market has a small Bull Run due to investors portfolio reallocation. It normally can last a month.

APM outlook look better now as USD seem peak.

APM is a price taker. Proton n Peradua etc offer APM very low margin. When RM drop (or other cost up), APM have to absorb cost n suffer loss. Subsequently, APM will get price adjustment upward.

APM have a few Foreign technology JV partners where their products fetch higher margin.

Assuming full year dividend 14sen, may worth RM2.80 (14/0.05).

KSL today announce to buy Bukit Raja Land RM228m.

In 2Q23 quarter report, it has cash RM423m. Its has capital commitment (CC) RM245m. This CC mainly for balance of land acquisition payment like Pulai land RM109m, Pontian land RM102m, Kota Tinggi land RM78m etc.

All this land acquisition will strain KSL cashflow. Doubt KSL will declare big dividend this year. At best, small dividend!

Sure can hit RM1.20 very soon! Volumn surge from 900k yesterday to today 4m indicating big fund is buying. A lot of funds currently are adopting wait & see attitude. As today price go up fast with huge volumn (while other property counter with normal volumn), they will realise If they dont buy early, they may miss the boat at current 'low' price. Look, 3q23 result most likely release new week.

Lately drop may be due to 10 year MGS sharp rise in yield and reach 3.05% last friday. Which is In tandem with US market.

US Biden Govt lately has critise INdia govt failing to promote free speech by blocking social media on agriculture protest.

To be in line with US Biden Govt policy, So now Twitter has to set a 'good precedent' to promote 'free speech' outside US to correct its past pratice ( of setting a 'bad precedent' banning US ex-presedent account).

A very bad news for incoming US President Biden! Xi Break Biden stretegy of uniting western allies confronting China.

Anyways, the truth is without blessing from US, Germany cannot be European big brothers. EU will face military threat from Russia, economy threat from China, and
Politic of rules & Divide from US.

Prevously, Trump Trade Agreement with China, a lot of benefit go to US. Now German do the same things, will US let the benefit go to Germany?

You may get the hints from history. Germany lost World War1 & World War2 because of US join the war.

No matters how DAP betray their voters, they are still commanding huge support from old generation Chinese (above 60 ages) in the urban areas.

No matters how TUN betray DAP, DAP leaders (not grass members) are still kissing Tun left and right.

Only Tun can bring Wealth $$$ and power to DAP leaders because Tun is very racist, authoratarian , taugh enough and decisive.

Imagine Anwar become PM tomorrow. Anwar is soft, not racist enough and undecisive. In order to get Malay community support, Anwar may be at best, can only afford to offer Transport Minister Post instead of FM to LGE. Anwar can only offer much less minister post to 'racist' DAP.

So for LGE, you think LGE love racist Tun or Soft Anwar?

HK lost the financial hub may mean capital flight, ferox reserve drop, hK dollar devaluation. Eventaully, people abandon HKD, and use RMB.

HK most likely to move from International financial hub to China based financial hub.

China at best can afford a mini cold war with US. If actual war happen, US can use
its Navy dominant strength to simply seal off all China coastal ports, stop all merchant ship in the coastal seas. Then, China economy immediately will collapse.

Dont hope much on dividend. May be hope on director will cut salary by 50% as pratice by some in the industry.

Need clarity from Bank. Highly doubt Bank will be in 'agreement' with MOF to waive HP interest without some sort of compensation. Somemore, it is govt who make the mistake.

Why Msia Bar always like to talk politic? Why other professional body like Accountant, QS etc dont talk politic at all.

Some harsh wording and critical comments being made by this research house:

1. '...Malaysian government may have chosen an extraordinarily risky path of inflicting huge long-term economic repercussions... '

2.'....Furthermore, the reality could be that Malaysia may not be able to lower detected new infection rates in the coming weeks, given that mass testing has not been made....'

3.'....Another crucial point to ponder is the government’s future response should there be cases of reinfections as reported by South Korea....'

4. '....Malaysia’s MCO extension will likely be the longest compared to other governments that have imposed lockdowns....'

If our conuntry is communist country like china, sure this research house will close shop immediately!

When Moohiden annouce the MCO , he told u it is 2 week only. Rakyat has a high expectation end soon. Now 2 month already, and look like more extension to come ....

Unless industrial gradual relaxation can be done fast , which i doubt so, Mohiden Approval rating will start dropping fast.

Of course, if Mohiden can come out another round of Bantuan Payment, his popularity can be maintained. But now oil price only RM20 not RM65 year ago, not so easy lah ....

We like this type of rumour but not news.

Extract from Kenanga today report as follows:

Based on our anecdotal study, focussing on the smaller size property companies as probable privatisation candidates, we conjecture that: (a) MCT (current price of RM0.18 vs net cash per share of RM0.32), (b) SHL Consolidated (current price of RM1.90 vs. net cash per share of RM1.56), (c) MUI Properties (current price of RM0.18 vs. net cash per share of RM0.11), and (d) KSL Holdings (current price of RM0.56 vs. net cash per share of RM0.25) could be potential “take-private

https://klse.i3investor.com/blogs/kenangaresearch/2020-04-20-story-h1506046146-Property_Developers_Tempting_Privatisations.jsp

KLSE strong rebound might reflect that we are escaping the 'deep state' imposed by PH. Some investor confident are return. PN do a few right things to correct the 'wrong' of PH.

If investor confident are back, may not test 1300, even with poor corp result , due to low interest rate environment.

No Worry, PN will make money from GST. It is just matter of times when to implement GST. Higher Budget Deficit can be financed by higher govt Domestic Bond issuance. This imply higher interest rates at the expenses of the borrower . If BNM lower interest rate mean lower exchange rate at expenses of Importer. After All, it depend on which catergory you are in!.

The main objective of Spore Lockdown is to force its people to change its behavoirs like here. Without lockdown, a lot of people will still behave as biz as usual lah ....

Spore Lockdown. Share price to drop on Monday as Maybank derive 30% revenue from Spore Ops.

Our Govt follow China model , to lockdown to reduce the spread of virus. Biz owner suffer the most.

While in US, Trump prefer Singapore model, biz still in ops, with certain limitation & partial closure, making testing kid easily available. So all the US citizen has to take care themselves. It will take a longer period to contain the virus. So dont expect V shape rebound in US economy in this scenario.

KSL Klang Esplanade Mall to be opened by Apr21. Todate, it has secure tenant commitment 65% of its retail space over 100 brand.

Ksl Esplande Hot Spring Hotel is due be open by 3Q21.

(souce : The Edge 17feb20. PageCC2)

Base on above, the above investment projects need a lot of cashflow, it is not optimsitic that ksl will annouce any dividend by end of this month.

Wow! Another truth has been revealed. TUN now is playing Muslim International Politic. To be involved, TUN need to be PM as long as possible. Now TUN has another good reason to defer the handover date to the last day of GE15.

Finally, Key Shareholders Dato Tan HC start buying again on 25/11/19 with 20k share @ RM2.00 after stop buying for a few months.

If Overseas biz downturn is temporary, APM may maintain the same dividend since there is plenty of cash in hand.

For local biz, good performance most likely be maintain since BNM can lower interest rate again and again next year..... this will stimulate car volumn sold..

Klang Mall, which heavily drain on KSL cashflow, Expected to be ready by end 2020. After that, if no big land acquisition, KSL may be paying div in 2021. So, it is not a time to rush in to buy now....

Why DAP in a mess? Just blame TUN might not right. Inmagine a Party run by 'corrupted mind' leaders, we are seeing the consequences now.... even grass root has no respect to the leaders.

Leaders saying ' Moron is good, frog can be good or bad', would u think they will do a good job?

FY18 Sales rm1.8bil, net profit Rm300mil. Based on this, it net profit margin is 16.6%!!

Finally, TUN said the right thing in World Forum. Malaysia plantors suffers a lot because Indonesian choose open burning to save cost. So indonesian plantation cost is much lower than our cost. At current CPO price of RM2100, Msia Plantors is at loss or near break even but for indonesia plantors is still very profitable. This has incentised them to do more CPO planting.

Heavely Doubt on 'Interim Deal' unless China offer are attractive. Trump still in a good bargaining position. US still have huge room to cut interest rate to negative and tax cut (need democrats support) to avoid a recession. China would not be silly enough to offer attractive concessions (esp farm products) for interim deal. China goal is to change US president. A change of president, China At least earn some breathing space of 6 month to 1 year, to reorganise its machineries to continue fight the trade war. As for Trump 'Maximum Pressure' stretegy, a interim deal mean giving china a chance to fight back....

DAP nowadays different already, always act like boss to instruct UMNO & PAS what they should do.... No wonder, this give UMNO&PAS excuse to claim DAP is controlling PH govt..

Root of the Trade war happened is bcos of trade btw USA & China. So one of solution, is trade divorce by imposing high traffic among them. It is only short term pain.

After that, world financial market would be calm and less voliatile. As day go by... Investor would be happy with 2 different market (ie Western & China). They are no longer depandant. By then, whatever us impose on China or vice versa, would not have impact on financial impact.

So Trade War may be bad for short term, but good for long term.....

Room for price improvement to be super defensive stocks on 2 fronts. Trump counter impose 5% tariff on Rm500bil china good today. The intensified trade war btw China & US, mean more relocation of MNC to Msia. Axis MNC industrial property bound to benefit a lot. In addition, US fed will cut interest rate mean loom for Msia interest rate cut also. More fund shift to REIT on attractive yield compare to MGS.

The trade war is on going.... . It is just matters how fast it is moving iirrespective whether Xi or Trump still in office. Basically, key deciding factor still is feeling of Anti China Sentisement in USA on the persist threat from China.

Xi misguided by his advisor on China on vast market, thought all country will not miss its market. USA hide his stretegy on Technology Strength well in the past & not let his enemy know. EU better (especially French & Germany) better surrender to US fast. US can simply break EU using divide and Rule stretegy. Also, EU also is depend on US on persist military threat from Russia.

Trade war mean more us rate cut. Same for here. It is matters of time for BNM to cut rate again.

Big income inequality btw rich & poor in HK. This Time Bomb finally blast off by this incidents. Poor young people just want show their frustation, of course at the expense of the rich people.