Trump pro-biz focus Productivity. Our PMX tax productive firm to subsidy unproductive segment. Naturally RM would drop against US if Trump win

Fair? Diesel up only in Peninsular, not Sabah & Sarawak. No timeline given for 2 states.

ExFM LGE tax the rich, market crash. Can PMX to reverse this trend?

Russia strategic value is secondary for PMX. He is dreaming to be global leader by joining BRICS!

Still have room to move up further though valuation on high side. As MBB earning is not peaking any time soon , still a good target for FF. MBB can still reduce strong loan grow to increase profit margin NIM.

Investor have more confident now after 2Q result. Previously they r questioning the sustainable earning after EPS jump from pre-pendemic 20sen to last year 36 sen. Positive factors catalyst like booming JB economy, More project launch , Strong RM.

Can hit rm11 soon even if today maybank report a so so or within expectation 3q result . When RM depreciating, maybank div yield 7%, FF not buying. Now div yield 5.5% , FF keep buying bcos their return in USD. RM strengthing will benefit domestic activity & loan growth.

Govt can afford civil servant pay hike bcos its ability to borrow money every year. Private co can't borrow forever. Only profit can afford pay hike.

When Ukraine war ended, inflation will come down especially bread price. And also oil price. US interest rate will come down faster.

2Q24 div 2.25sen disappointing. RM180m Axis Mega DC2 completed built in Mar24 has no tenant!

With DC mushrooming, where got enough RE. Johor may need Nuclear Power Plant!

The Edge this week "johor Bahru housing Pty Monitor 1q24" reported very strong market JB for 1q24.

Ringgit drop from decade ago 3usd to now 4.7usd, APM export hardly increase. May be u get some hint from this Article .

"Malaysia's automotive supply chain costs 30% more than China"

https://theedgemalaysia.com/node/714402

APM a Kampong Auto Spare part Champion?

KSL has 110+ acre vacant Tebrau leasehold Industrial land near highway. Possibly they sold to DC company. But unlikely in DC JV as they has no experty in DC.

Anything wrong with Trump, Najib , Tun even Anwar? They become leader through election. They have plenty supporter during their time.

May be u think election is not best way to choose leader. Or u think majority should follow minority!

1Q24 poorer result despite electricity demand grow at 9.9% yoy!

TNB price might near peak as Google, Microsoft etc has announced their biggest DC there. May need other good new to continue uptrend.

1Q24 EPS 9.9sen. With more on going n new project, this yr eps will more than last yr core eps 36sen.

Good result despite sale drop 3% thank to lower energy & raw material price, stable ringgit. Good chance continue to pay 18sen div.

MBB 1Q24 record strong loan grow at 11.2%. PBB 6.3%

DC boom! Boom!

Bloomberd just report "Nvidia Rallies Anew After Rosy Forecast Shows AI Boom Is Strong. We are poised for our next wave of growth, CEO saysOutlook for second-quarter revenue exceeds estimates .. ..."

Sekarang DDDAP....is Diam Diam DAP 😁

Berhati-hati apabila jalan, Sarawak got plenty of crocodile!

Risk appetite for growth stock Investor coming back after US Nasdaq up 315 point.

CIMB has more risky loan than Maybank. Any economic downturn, it will be hit by more bad debt than maybank (eg during covid pandemic).

Price go up as high as RM1.95 after disposing ASC@Silc for RM162m. Disposal proceed enable recycle capital for new acquisition. Therefore, Private placement not so soon unless another big acquisition coming.

Indonesia rate hike affect CIMB more than Maybank. Brokerhouse has been promoting CIMB based on its Indonesia growth story.

As for Malaysia, raise rate unlikely as inflation still low for time being.

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.