Redtone unable to share NiiSE contract benefit as Heitech already form team agreement with myeg to jointly develop all current and future e-government contract. https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=151966&name=EA_GA_ATTACHMENTS

The 1Bestarinet case is still under investigation, so I will postpone any announcements for now.... risk of time bomb !!!

On Sept 4, the graft busters launched an investigation into a payment claim related to the Education Ministry's 1BestariNet service tender.

Sources disclosed that MACC conducted raids at a government office and the YTL Communications Sdn Bhd office in Kuala Lumpur.

https://www.nst.com.my/news/nation/2024/10/1125159/updated-im-personally-looking-1bestarinet-probe-says-macc-chief

Don worry, later he🤓 will come again with more gigantic mathematic model formula to give you even higher 'paper profit🤑' to lure more subscriber ya😱

NIIse now become catalyst instead of threat to myeg as it now become earning accretive to myeg for next 5 year through co-development Niise system + equity account of its 15% stake in heitech. and even after completion NISSE after 5 year, myeg immigration service will still able to integrate into NIIse system such as foreign worker insurance, foreign worker job matching, foreign worker accommodation.

Thus, its right time to buyback myeg after it have successfully eliminating Niise uncertainty from negative become positive while continue develop Zetrix which have now issue 226.9M coin at market price USD 3.74 billion, a massive increase if compared to just a month ago in Sept which issue coin only at 174.7M coin at market price USD 2.8 billion
https://coinmarketcap.com/currencies/zetrix/

Accumulation done, myeg become portfolio largest holding

Use balance to add myeg at 89sen

employer to bear foreign worker EPF, the higher foreign worker earn the higher employer need to paid their EPF which is based on 12% + increase export tax impact could be significantly erode profit margin as tax is based on gross revenue CPO price instead of profit....

I opt out at 1.15

added more myeg at 89.5sen

Anwar is indeed not friendly to palm oil industry.....aside only increase small threshold for 3% windfall tax, there are multiple headwinds to CPO industry: wages hike + employer to bear foreign worker EPF + increase export tax

Effective Nov 1, 2024, the revised Malaysian export duty schedule will include additional export taxes involving crude palm oil (CPO) prices of between RM3,601-RM3,750 per metric tonne that is subjected to an export duty rate of 8.5 per cent; followed by RM3,751-RM3,900 at 9.0 per cent; RM3,901-RM4,050 (9.5 per cent); and more than RM4,050 (10 per cent).

https://www.thestar.com.my/business/business-news/2024/10/22/labour-intensive-industries-most-affected
Bosses will also fork out more cash, once the government’s plan to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF) takes off in stages.

A calculation by RHB Research showed that under the new minimum wage of RM1,700, employers will have to bear an additional cost of RM221 monthly per worker.

sold supermax at 85.5sen, locked profit first

Previously, NIISe is the biggest threat to myeg exiting immigration concession. But, now, table turn, myeg indirectly through Heitech involve in co-development entire NIISE for 5 year period. These co-development is ensure as Myeg is now largest shareholder of heitech, and as myeg posses high expertise in e-government, such co-development will much rely on myeg instead of heitech, a like out-source all to myeg, while Heitech act more like project owner in which myeg also entitle equity profit through 15% stakeholder

Hence, in next 5 year time Myeg will add ADDITIANOAL profit from NIISE and even after completion NISSE, myeg immigration service will still able to integrate into NIIse system such as foreign worker insurance, foreign worker job matching, foreign worker accommodation.

The Agreement paves the way for the two companies -- well-established leaders in the
country’s technology space – to combine their respective strengths and expertise in
fulfilling the trust given to execute significant e-government projects. These include
current and future projects in which either one party is involved.

Recognizing the significance of these key projects for the nation, MYEG and HeiTech are
collaborating to deploy cutting-edge technologies, driving the digital transformation of the
public sector. This partnership aims to deliver efficient government services to end-users,
both Malaysians and non-Malaysians, at consistently high standards.
The Agreement outlines the respective roles and responsibilities of the partners in
collaborating in the areas of marketing activities, sharing of related know-how, and system
integration of Information and Technology Solution for identified projects to potential
customers.
Recently, HeiTech secured a contract from the Road Transport Department Malaysia to
build, supply, deliver, install, configure, integrate, test and commission its hardware,
software and digital systems. The company was also awarded the National Integrated
Immigration System (NIIse) project by the Immigration Department.

Having commenced operations nearly 25 years ago, MYEG looks forward to drawing on
its proven track record and technological capabilities to support and complement HeiTech
for the benefit of all stakeholders.

In Malaysia, MYEG has served a variety of government agencies over the years in
Malaysia, including the Immigration Department, the Road Transport Department, the
Ministry of Health and many others.

Beyond Malaysia, MYEG is the leading e-government services provider in the Philippines,
partnering with the likes of the National Bureau of Investigation, PhilHealth, the Securities
and Exchange Commission, Bureau of Internal Revenue and more.

More recently, leveraging on its emergence as a leader in the Web 3 space, MYEG is
pioneering real-world blockchain applications through collaborations with leading Chinese
government agencies such as the General Administration of Customs of the People’s
Republic of China and China Academy of Information and Communications Technology
to power cross-border transactions in the region

Remark: Myeg is largest shareholder control 15% heitech and WTS also on his own direct control another 1 % heitech

As myeg will co-design and co-develop NiiSSE, it will ensure that its immigration concession service still relevant even after NiSSE complete in 5 year time

Since Heitech NiiSE is co-develop with myeg for next 5 year, then, myeg should benefit a lot during these 5 year development period.

bought back myeg at 90.5sen

sold balance at 92.5sen, free up capital

For Palm oil industry, the average salary level in the plantation sector is around RM2,000 to RM2,500 per month.

I think income is not a problem for the plantation sector to comply with the new minimum wage. Salaries for the palm oil industry are higher

bought jtiasa at 1.14-1.15

locked profit at 92sen first

cut at 59sen, iwcity unable to lift up requirement to submit regularize plan

No really, market share price will adjust down to reflect amount of dividend after ex-date.

Under normal circumstances market share price will reflect up more at time company declare dividend, and adjust down more once dividend is ex for entitlement.

Sslee

Exactly these is what conglomerate big company is doing. One listed company have numerous subsidiary or associate company. Even SME also form many companies under them to exploit gov tax loopholes. Many director like to employ accountants that offer service to avoid high personal income tax rate 30% which is sharp contras if compared to corporate tax 25% and SME 15%. The best easier way is fragmental profitable company into many small companies via different shareholding status either as 50% JV, 70% subsidiary or 49% associate leve. Director can each appointed in each of these companies to enjoy dividend which is tax at single tier at corporate level either 25% or 15% depending on size of revenue, then, declare big dividend through these level as tax free to entitle Individuals director or share with another company depending on shareholding %. After these done as corporate expense, then only consolidate at group level for retail shareholder portion

Dvivdend tax is no only applicable to listed company, but also apply to many small companies which often director of these companies often capitalise on Malaysia Unpropotional tax rate on personal income tax rate 30%, company tax rate 25% and SME tax rate 15%.

Take for example, big listed company director control substantial company stake will intentionally reduce personal wage to avoid paying personal tax 30%. Director in turn will retain company profit for corporate tax rate at 25% or 15% tax in case on SME. These director remuneration will then compensated through high company dividend which director entitle the most and as dividend income is single tier tax at corporate level, therefore all high dividend received by director is TAX FREE. Hence, gov realize these loophole enjoy by these high ent worth director, it need to start tax these high net worth director.

In additional, many big listed company or even SME have many small subsidiary or associate companies under group and many of these director also hold directorship of these small subsidiary or associate which often is most profitable companies under entire group. These inter companies under group if dividend once declare is wholly enjoy by director as group expense before accounted in group financial report

Dvivdend tax is no only applicable to listed company, but also apply to many small companies which often director of these companies often capitalise on Malaysia Unpropotional tax rate on personal income tax rate 30%, company tax rate 25% and SME tax rate 15%.

Take for example, big listed company director control substantial company stake will intentionally reduce personal wage to avoid paying personal tax 30%. Director in turn will retain company profit for corporate tax rate at 25% or 15% tax in case on SME. These director remuneration will then compensated through high company dividend which director entitle the most and as dividend income is single tier tax at corporate level, therefore all high dividend received by director is TAX FREE. Hence, gov realize these loophole enjoy by these high ent worth director, it need to start tax these high net worth director.

In additional, many big listed company or even SME have many small subsidiary or associate companies under group and many of these director also hold directorship of these small subsidiary or associate which often is most profitable companies under entire group. These inter companies under group if dividend once declare is wholly enjoy by director as group expense before accounted in group financial report

Dvivdend tax is no only applicable to listed company, but also apply to many small companies which often director of these companies often capitalise on Malaysia Unpropotional tax rate on personal income tax rate 30%, company tax rate 25% and SME tax rate 15%.

Take for example, big listed company director control substantial company stake will intentionally reduce personal wage to avoid paying personal tax 30%. Director in turn will retain company profit for corporate tax rate at 25% or 15% tax in case on SME. These director remuneration will then compensated through high company dividend which director entitle the most and as dividend income is single tier tax at corporate level, therefore all high dividend received by director is TAX FREE. Hence, gov realize these loophole enjoy by these high ent worth director, it need to start tax these high net worth director.

In additional, many big listed company or even SME have many small subsidiary or associate companies under group and many of these director also hold directorship of these small subsidiary or associate which often is most profitable companies under entire group. These inter companies under group if dividend once declare is wholly enjoy by director as group expense before accounted in group financial report.

GEORGE TOWN: Penang has given two thumbs up to the announcement of the implementation of the Juru- Sungai Dua Elevated Highway project presented in the 2025 Budget by Prime Minister Datuk Seri Anwar Ibrahim today.

"The Prime Minister's announcement regarding this project is highly welcomed. We hope its implementation can be expedited due to its urgent necessity," said Chief Minister Chow Kon Yeow.

The RM1.8 billion Juru-Sungai Dua Elevated Highway was one of the key projects that Penang submitted to Putrajaya.

Additionally, he expressed appreciation for the announcement of a new Urban Transformation Centre (UTC) in the Seberang Prai area, which he said would enhance the quality of public services at UTC @ Komtar

Regarding the development agenda for wakaf land by federal agencies, Chow said that the state government supported UDA Holdings Berhad's initiatives, as they aligned with requests from various parties, including NGOs, to redevelop Malay settlements and increase property holdings, particularly on the island.


Furthermore, he said the budget had announced several other federal project implementations specifically for Penang, including the raw water supply project from the Perak River for water supply in northern Perak and Penang, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (PIA) and the Batu Kawan Industrial Park 3.

All these projects are expected to contribute significantly to the state's overall development. Therefore, I hope their implementation will be expedited and adhere to the proposed timelines," he said.

On the education front, Chow said Universiti Sains Malaysia (USM) was pursuing AI semiconductors in line with Malaysia's status as a global semiconductor hub, enhancing collaborations with companies like Intel and Infineon.

Budget 2025, new carbon tax on steel industry

Take super long 5 year to complete RM 892m contract!?

The contract value is lower than inital expected RM 1 billion to complete in 2 year time.

Interesting to see what will market response nwxt week, i bet sell on news

Windfall tax Threshold increase to RM 3650, still better than none. Wages increase from 1500 to 1700, but, i think nil impact to jtiasa worker as most of Indonesia harvester should already enjoy higher wages.

These wages increase hike instead most likely affect factories worker from Bangladesh

Coming budget likely will revise up windfall tax threshold from current RM 3500 to RM 5000

CPO price continue uptrend

Based on EPS 60sen, fair valuation PE 10x, target price RM 6, upside potential > 100%

PBAPP - Pembukaan Rasmi Modul Pakej 12A
https://www.youtube.com/watch?v=8-ob5I73QAs

bought at 61-61.5sen

added more WCT at 91sen

sold topglove at 1.04, locked small profit

sold to locked profit at 2.08

sold to locked profit at 3.05

常成控股（JTIASA，4383，主板种植股）的日线图，在10月11日闭市时报收1.18令吉，按日涨4.0仙或3.51%。股价开始出现买气，进入上升趋势周期，出现旗帜型态的突破。日线相对强度指数（RSI）处于68.32水平。股价或在短期继续上探1.28至1.32令吉的阻力水平，支撑位置处于1.11至1.14令吉。

https://klse.i3investor.com/web/blog/detail/nanyang_stock_expert/2024-10-12-story-h471094268

GEORGE TOWN: Expansion works on Penang International Airport (PIA) have begun, with the RM1.5bil project split into three packages to be completed by 2028.

https://www.thestar.com.my/news/nation/2024/10/16/rm15bil-penang-airport-upgrade-works-begin

Every Q, Jtiasa will post quarterly corporate presentation detailing selling price, production volume, palm tree age profile, extraction rate etc
https://jayatiasa.listedcompany.com/misc/presentation/JTH_Presentation_3QFY24.pdf

Palm tree have seasonal production, under normal circumstances, palm tree have higher production in 2H, lower in 1H. Therefore, higher EPS in 2H need to average down lower EPS in 1H in order to average annual EPS. CPO price also is important factor, but it's beyond control due to fluctuations in global demand, tax barrier, competitor oil etc.

MY estimation EPS 7sen in upcoming Q is to be in line with corresponding last year EPS which coinincidently have about similar CPO production volume and average CPO with +/- factor like strength in RM currency and lower fertiliser price offset by higher labour cost etc. JTIASA also have advantage over cost disel which continue under subsidy for East Msia

JTIASA profit margin is high dependent not only on CPO price, but also on production volume. Therefore, JTIASA monthly and quarterly disclosure on CPO production volume is very important on top of average daily CPO price, both factors need to in line to e ensure QoQ EPS growth.

Take example, another palm stock, TSH, it's monthly and quarterly CPO production volume was significant decrease QoQ, therefore, despite evelated CPO price, TSH upcoming EPS may report decrease earning QoQ.

Expect EPS to deliver above 7 sen in next Q result. Aside increase CPO volume production and evelated CPO RM 4000, Lower price of fertiliser and strength in RM will lower import fertiliser cost will further boost up JTIASA profit margin next Q result

The most important to derive up share price is EPS growth. JAYA TIASA CPO production for Q ended Sept is massively increase 47% to 69.4kMT vs. 47.3KMT recorded in perceding Q ended June 2024.

These massive incremental in CPO production volume + elevated CPO above RM 4000 Mt will allow JTIASA to record multiple higher EPS in next Q result

bought wct at 90-90.5sen

UK Chancellor of the Exchequer Rachel Reeves is set to deliver the Autumn Budget at the end of this month, and its contents could come as an unwelcome surprise for gambling firms.

Sources close to the treasury have revealed that a new tax raid on gambling companies is being considered as part of the government’s plans to mitigate the £22 billion “black hole” found in its finances, according to The Guardian

令吉转弱 RM 4.31