https://www.theedgemarkets.com/article/malaysias-endfebruary-palm-oil-stocks-seen-10month-low-exports-rise

My EPS estimate for Q4 would be 5c

From the production figures, 21Q4 revenue should be 220-240mil, profit should be ~50-60mil

from the production figure and sales volume, it shows that around 6-7k MT CPO not sold in this quarter. This is justified by a 22 mil increase of inventory. Is this a strategy in this upward cycle or just low CPO demand from JTIASA?

“The increase was mainly due to the higher revenue contributed from both manufacturing and trading division due to increase in demand for insulation products as well as copper pipe in this quarter.”

I would say the result is very good, it is even better than pre-Covid result!

Notes from this morning AGM:

1. "175mil order intake ytd compared to 170mil order intake for last full year period"
2. "Permanent cost elimination, when revenue going back to pre-covid level, profitability will increase"
3. "Supplier increase price to us, we also increase price to the customers. The whole industry also doing the same"
4. "Hopefully will have more pipelines realised in the coming next few weeks"

https://tradingeconomics.com/commodity/steel

Shanghai steel futures surged to a new record-high above 5,700 yuan a tonne buoyed by strong domestic demand as the peak constructions season starts. Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills. Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.

Inventory lag effect will boost up ULICORP profit margin.

https://klse.i3investor.com/m/blog/kenangaresearch/2021-05-07-story-h1564320498-United_U_Li_Corporation_1QFY21_Surpassed_Expectations.jsp

https://www.theedgemarkets.com/article/cpo-price-peaks-rm424750-tonne

https://www.thestar.com.my/business/business-news/2021/03/08/favelle-favco-secures-offshore-crane-orders-worth-rm1014mil

@bursabigbull, AR2020 pg.158 note 37 Subsequent events

(b) Subsequent to the financial year end, a resolution in writing pertaining to the relocation of project sites for both power plants currently located at Terip and Kelinchi in Negeri Sembilan to Pasir Mas, Kelantan had been circulated to Sukukholders for approval. The said relocation was proposed by the project owners and approved by Energy Commission.
As at the date of this report, there are no adverse financial impact to the Group as both the Engineering, Procurement, Construction and Commissioning (EPCC) contract and the Turnkey contract shall remain the same.

From the annual report, the 100MWp floating solar power plant in Negeri Sembilan which is expected to be completed early this year needs to change location to Kelantan. Means not even started?

Congrats all! Huat huat! Another solar counter Cypark still cheap at PE10, owner of 47MW solar farm 21 years concession. Another 150MW going to completed soon early this year, sum up to ~200MW!!!

https://www.theedgemarkets.com/article/miti-revises-antidumping-duties-cold-rolled-coils-vietnam

KUALA LUMPUR (Jan 23): The government has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating from Vietnam

CYPARK solar capacity going to increase from 47MW to 200MW in early this year!
Strong recurring income from the solar power plant

https://www.nst.com.my/amp/business/2021/01/658136/kossans-gloves-orders-fully-taken-until-end-2021

KUALA LUMPUR: Kossan Rubber Industries Bhd continues to witness strong global glove demand owing to Covid-19 as the company's capacity has been fully taken up until end of 2021, said CSG-CIMB.

top steelmaking province Hebei has been reporting a surge in Covid-19 cases, raising concerns about steel mills’ production and logistics.

kltower https://www.bursamalaysia.com/market_information/market_statistic/secu...

Bursa website under market information -- market statistics

check "total short selling" (update after 8pm for today's short amount) "net short position" (accumulation short amount -- only update after mid night 12am)

Thanks @kltower

what is the link to check the total net short selling position?

Assume 2021 and 2022 - 800m/qtr = 6400/2720 = RM2.35

NTA = RM0.82

Assume 400m/qtr from 2023 onwards - EPS = 58.8/yr

PE=15 -> 58.8*15=RM8.82

Fair Price = 2.35+0.82+8.82= RM11.99

https://www.theedgemarkets.com/article/malaysia-imposes-antidumping-duties-flatrolled-steel-china-south-korea-vietnam

KUALA LUMPUR (Dec 23): Malaysia has imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years, its Ministry of International Trade and Industry said on Wednesday.

The duties on flat-rolled products of non-alloy steel plated or coated with aluminium and zinc, come after an anti-dumping investigation was carried out on behalf of the domestic industry, the ministry said.

The investigation found that "the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries", it said in a statement.

The tax would range between 2.18% to 18.88% for products from China, and 9.98% to 34.94% for products from South Korea, and 3.06% to 37.14% for products from Vietnam.

The duties came into effect on Dec 12 and will be imposed until Dec 11, 2025.

Vietnam made a similar move on Wednesday, putting duties on some coil or sheet cold-rolled steel products originating from China, also for five years, starting Dec 28

Made in USA.. woohoo!
Would be happy to see if Supermax can set up a R&D centre in the US as well.

@ChrisMz When will the share dividend get credit into our stocks account? end of today?
08/12/2020 10:37 AM

Share dividend will be credited on 5th Jan 2021.

net cash per share = 83 sen :)

How to register for SUPERMX AGM?

Supermax donation rank #2, market cap should also rank #2!

Supermx latest reserve is RM2bil and number of shares=2.7 bil, if next quarter PAT>700mil, we can expect another round of 1:1 bonus issue. This can help the company well prepared before listing in the SGX

PE=19.92 < 20, super cheap!

Reminder for Supermx investors: tomorrow 10:30am is the EGM (remote version), thanks!

https://www.barrons.com/articles/arcelormittal-accident-steel-prices-accident-steelmaking-51577801744

can submit your suggestions here
http://belanjawan2019.treasury.gov.my/index.php/en/2019-budget-suggestions

Successful acquisition of 51% of Penang Port Sdn Bhd (PPSB)

Uncle Teh bought back 783,000 shares at 73.5-74.0 sen and propose 4.7 sen dividend.

EGM on 8 March

KIPREIT will distribute 100% of its profit as dividend during these 2 years. Assuming a EPS of 1.5 sen per quarter, at current price of 85.5sen, KIPREIT has a very attractive dividend yield (~7%).

What’s the reasonable PE for F&B sector? 15?

http://mobapp-plain.klsescreener.com/v2/announcements/bursa_announcement?directUrl=http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2799833

Has anyone received their bonus shares?

3 directors buy back shares worth over 1mil.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5356741
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5356749
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5356041