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.

No matter what all these politician say and do or so call U-Turn, eventually US will impose all 500b import from China at 25% rate, for compensating forced technology transfer and cheaper yuan. From economic point of view, it may valid to some extend. From politic point of view, it will be done as US people are increasingly anti-China!

In Realty, a full trade war with US mean Challenging Western Countries. China will be isolated by Western Countries especially FDI. So China have to play the games carefully..... . Dumping US Bill would not work well, as they are plenty buyers around the world.

Look like there wont be a 'real' deal at all. Both Side select continuing talk is to avoid the worst outcome. For China, to challenge US, mean to Challenge Western Country. As western Country tendto follow US eg germany restrict China Investment rule.

Down on Expensive valuation. At RM23, PBB value at 2.1X P/B. PBB Only big income driver nowaday is Unit Trust income, which always tie to share market performance. Latest QR show UTI growth story has gone.

Talk only. Doubt got sincere buyer. Look at Joh Low yarht still there. If i am a crony, i would like to takeover MAS by RM1 with govt offer me a RM5bil loan over a period of 5 year.

Tun has no mandate to carry out heavy reform (etc MAS, cut civil servant no) other than light reform since he lost malay support. He know well any misstep would cause him PM Premiership and he has to hand over to Anwar immediately.

So I would say his proton3 project would not able to go ahead!

In short, Hektar income can be view as this: 1/3 from Subang Mall, 1/3 from Malaka Mall, other 1/3 from 4 Other Malls. SM and MM have rental reversion problem for the past few years due to competition and now also. Hektar share price will fly only if SM & MM have good rental reversion rate. As for OM, so far so good and stable, due to diversify bases and less competition in suburb town.

Director bought 1.5m share @ 0.852 on 5Mar19.

CEO 2018 Unitholder letters.

http://www.hektarreit.com/the-manager/letter-to-unitholders.php?y=2018&l=en

This is the new management team. Old management (lead by ex-Malay Boss) team appear left already. I believe Singapore Shareholder Fraser has greater control nowaday. A lot of thing seem has changed.

Compare with previous ex-team ceo letter, the current team letter appear much more informative. Some interesting points noted in the letter:
1. For 2018, our portfolio rental reversions recorded a positive 5.4%,
2.'Three of our malls are “the only mall in town”, while the other three are the “leading malls in town”
3. 'We believe that ultimately, a ‘network’ of neighbourhood malls strategically located throughout Malaysia would serve as an ideal ‘platform’ for emerging brands'

Let see whether they can do thing better. ....

Macquire Research prefer Maybank over Sluggish Public Bank.

https://klse.i3investor.com/blogs/kltrader/195252.jsp

There are more growth drivers in Maybank than Public.

The tide has turn becouse of the rise of digital banking few year back. Maybank has the advantage of cheapest cost of fund & dominate malaysia digital banking landscape. In the near future, Nearly all Malaysian need a maybank account to do transaction. Something like, when Malaysian fly, they cannot foreever avoid Airasia.

There are room for maybank share price to rise in longer term, as there is valuation gap with public bank (Price/Book : Maybank 1.4x vs Public 2.4x).

After Cameron defeat, Tun know Bossku 'cash is king' stretegy is working very well. Tun is learning fast.... Next , Tun will strike a deal with china on ECRL.... With now more MP with Persatu, Tun will have 4 year 3 month left to gain malay support...

Is it too late? With all new minister and distrust btw PH component parties. Look like, time is really running out on his side.

EPF declare dividend without taking into equity impairment loss, will only impact EPF future dividend payout.

However, if ASB ASN KWSP etc practising the same, it mean government liability will go up, as deposit of those fund are guarantee by govt. Like the Tabung Haji case.

If PH build ECRL, it will incur losses much higher than build by BN.

Under BN, ECRL, SporeKL, MRT3 rails will be ready more and less the same times. For Rails, the more comprenhensive it is, the better and it will spur economic growth.

Therefore, It doesnot make sense PH to build ECRL since PH doesnot have a comprehensive rail policy.

Tun Change his stretegy to visit bus Terminal, farm land after cameron election loss. Is it too late...

Cant blame them. OCBC own Great Eastern. GE (Msia) are contributing insurance fund for Msia B40 MySalam.....

Very Strong Earning for 4Q18. EPS 2.92. DPU only 2.45sen (majority is tax free as 99% distribution).

Expect placement soon after good result to reduce gearing.

Only hope can declare little dividend like 2 sen, since there is no land acquisition during the year and cash reserve also up in 3q18. The only capex commitment is Klang Mall under construction.

Malaysia economy is even being attacked by Asean country on all front eg Vietnam (manufacturing), Indonesia (plantation). Since our new govt prefer protection policy, sooner and later, more malaysian will find working overseas is an option If they are not ready for 3D local job.

No more easy money for China Co. Money making machine being destroyed by Trump. China Economy sustainable annual grow should slow down to 4-5% with an ageing society.

KSL wedsite show they have a new township project, call KSL Bukit Jaya at JB.

GLC performance cannot improved much because continued Politician or govt interfernece (eg TM heavy interference by Gohind). LGE or PH say 1 thing, do another thing.

PH dont believe spending money on planning by employing good advisor. Canceling GST, now have to squeeze here n there, using hit n run stretegy. As such, Rakyet will feel hits from time to time.

No toll Abolishment. Toll Operators shareholder beware! PH will take a hardline in renegotiating toll hike or deferment. Toll Operator has little bargaining power, since there are very small operator. GET READY BE BULLY!

PH is reforming the economy from Capitalist to Socialist to address income inequity. More reform is coming. Wealth of Top20 and Middle40 will be destroyed!. PH must strike to balance, T20 n M40 is awaiting to revolt!

If PH is socialist govt, then LGE do the right things (tearing contract, chase away investor, reduce income gap etc). Indirectly, he is destroying people wealth.

If PH still want Msia to be a capitalist Country, LGE do the wrong things!

LGE bully stretegy will work only for weak players (eg Gerge Kent). It wont work on Country Iconic Company. Soon LGE will U-Turn again.

By continueosly dishonouring the contract signed mean investor interest are not protected. As such, foreign investors will keep leaving Msia and there is no sign of leaving will end soon. When foregin investor leaving, this make our Economy slow down. Soon Interest rate will down and also Exchange rate.

Gamuda is our nation Champion in Tunneling Engineering Work. That why it dare to say no to MOF. LGE want to bully nation Champion wont be easy. Soon LGE will U-Turn.

Aggressive share buy these few days more than 2mil shares. Right stretegy. Buy cheap at RM1.00 to RM1.03, while company net asset per share at RM2.50 @ 31/12/17. Cash balance at RM250m @ 31/12/17.

PT Airasia Indonesia up again 25% to Rp482 this morning. 2 day ago only rp248. Base this price, Indo unit should be able to raise capital from market.

Investor seem very positive about PT Airasia Indonesia (stock code: CMPP). Yesterday up 20% to RP310. This morning up another 24% to rp386.

Research house 'panic' revise upward AA target price, after reading SEA 2 leading LCC 1Q16 result

plane net profit
ThaiAA 47 usd 51m +99%
Cebu Air 57 usd 85m +81%
MsiaAA 80 ??

MsiaAA result will be known by end of the month.

AA today is supported by ThaiAirasia 1Q16 result where net profit up 99% to USD51m.

http://centreforaviation.com/news/asia-aviation-public-company-releases-1q2016-financial-highlights-554255

In a market which is bullish on airline stocks, the PP to shareholders may not have negative effect on the share movement (very negative if it is in bearish market).

The share movement is determined by investor sentisement in short term. The EPS dilution 16% and PE ratio is purely academic as supply and demand are the only factor determine the price. Somemore, the new shares will be on the market few month later (and investor believe TF would not to dispose it in short term). Investor may view positively as more commitment from TF and More fund for biz expansion. TF believe AA is undervalue.

In this exercise, TF very obvious has take advantage the low price of AA, only issue to them and not 3rd party. Anyway, rm1.80 price is still above AA net asset rm1.60. The 4 sen adjustment should interpreted as discount to weighted average price rm1.84. Logicaly, They should not entitle dividend, as they have not make payment for the new share.

Amfirst Mull to sell Summit Hotel for RM100-RM110m. (Source: DigitalEdge Weekly Aug17 2015 , page20).

Today close 60sen. Some investor may be impressed by Annual Report Jan 15 release by this week. Chairman Statement say the following achievement in the yr 1) Freshwater stingray quality & quantity has been improved 2) Productivity of Arowana Fish has been increase 3) Borrowing has been reduce to just RM1.5m.

The share price of XL movement appear more depend on its future earning stream. Therefore, land whehter revalue or not are not so relevant unless the land is going to be disposed soon.

Now 58sen. Last Tuesday 36sen. Co inform Bursa no unsual activity. NTA @ Jan15 is 65 sen. This co may benefit from depreciating Ringgit on Export Fish Biz and strong local liquidity play. Or may just rebround from low 20sen. About 7-9 yr ago, share price drop from RM2 to low 20sen!

Chairman Ku share it view on co future plan in today SinChew newspaper.

http://klse.i3investor.com/blogs/sinchew_company_story/70004.jsp

They must be find a buyer at Rm4.44 since the 2m share transacted within 2 minutes ie btw 9.53am and 9.54am yesterday.

KSL clarify they sell 2m treasury share yesterday. Mistake, wrongly reported as buy back.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1813577

Some positive surprise on Q314 result - Indonesia & 2 JV units. Indonesia unit break even! Must thank to close down of TigerMandala, which its route nearly all overlap with AA. Asia Aviation Centre made profit 58m. (not sure why so high?). AA Expedia made profit RM30m.

AA fate is totally different from AAX. AAX biz model, median haul LCC, need continuely to be refining and will take very long period to prove itself. Investor need deep pocket to park money in AAX.

Syndicate play mother KSL this morning to generate interest for 10 month KSL-CA & KSL-CB which listed today. CA & CB, both price at 15sen.

http://klse.i3investor.com/blogs/kenangaresearch/63733.jsp

Airasia 3Q14 ops statistic. Overall improvement, but Philipine unit still very weak with load 65% (LY:59%)only. See below for cos comment.

http://www.malaysiandigest.com/business/527367-airasia-reports-q3-2014-operating-statistics.html

QE again. This time from Japan. Market always reward growth stock with QE with excess liquidity.

KSL is already under Bloomberg radar!. The latest Weekly Edge 3 Nov 14 (page10) listed KSL as one of 14 cos with positive qtr earning growth, single PE, at least 4% yields, according to Bloomberg data.

Johor economy is booming ......

'....last year, Johor received RM14.2bil investments, making it the top investment destination in Malaysia. From January to July 2014, it had received RM18.6bil in investments.......'

http://www.thestar.com.my/Business/Business-News/2014/10/20/MB-Iskandar-will-stay-a-favourite-Johor-confident-investments-will-keep-coming-in-despite-economic-c/?style=biz

Heavily doubt interim div will be declared. Based on KSL mgt style, will only declared in 4Q result.

The coversion of 2.2m warrant to share most likely are those cash rich long term investors (or some Ku family related member). They are here long term, just interest in div not warrant premium.

It is not something unusual mother is trade higher than warrant. This could happen when market expect mother have little upside or expect a correction, especially in a bearish overall market environment. Anyway, market is dynamic, market sentiment and expectation can change at anytime with some events.

Yesterday up 37sen. today up another 18sen at RM4.42 now 11am. Volumn still low at 1.1m. Look like there is no enough seller in the market....