bought back jaks-wb at 94sen

https://www.nst.com.my/property/2019/06/499541/element-debuts-melbourne

For information purpose, Paramount special dividend will NOT lead to reduction in warrant exercise price.

The warrant exercise price is fixed at RM 1.79. Current warrant price is now at 18.5saen, therefore, it is NOT worth at all to buy warrant, pay exercise price and convert to entitle special dividend.

Paramount immediate resistance is at RM 1.31. Once gather enough momentum, the breakout will send stock to next level at 1.40

Now already entering earning session, so, be patient, awaiting for Q3 result to determine stock direction. Good fundamental will purview, AWC concession oriental profit is due for re-rating to higher valuation.

https://www.pcb.my/newsroom/paramounts-3q2019-profit-up-by-94/

Two pension fund, both kumpulan wang persaraan and EPF are busy accumulate more Gbg at depress price to enjoy higher return later once ECRL project award next month.

bought tadmax at 28sen

ECRL to unveil proposed Kota Bharu-Dungun realignment on Monday

https://www.thestar.com.my/business/business-news/2019/11/22/ecrl-to-unveil-proposed-kota-bharu-dungun-realignment-on-monday

Add more gbg-wb at 35sen

Package 2 – stage 5: This package is at the most advanced stage, primarily because it did not go through any alignment or design change after the change of government. MQ Research understands in November 2019, the land acquisition will be finalised and payments will be made to landowners by month-end. As such, it will be cleared for awards starting December 2019. The key job scope to look out for in this package would be the TOD Hub which will be built in Kota SAS, Pahang. MQ Research believes this job scope will be the most lucrative one within this package. Note that AQRS is already one of the main contractors of Kota SAS township project. AQRS management is confident that it could secure at least RM1.5bn from this project alone.

https://klse.i3investor.com/servlets/ptres/52936.jsp

sold back uzma at 99sen

I strongly believe as Chinese oriented stock, paramount will immediately opt to declare special dividend payout the moment the divestment of its k12 education complete within these few week time.

The payout RM 177m to reward shareholder will give rise to 29sen/share special dividend. The declaration of entitlement should in December and payment time should be next year Jan, before CNY in 25 Jan 2020, every paramount shareholder should get these handsome Angpau to celebrate CNY.

https://www.theedgemarkets.com/article/paramount-3q-net-profit-doubles-disposal-gain

From the latest Paramount result, assets held for sale worth RM 619.4m to be recognized within these month or next Dec, to be completed by Q4 2019.

Once assets completion done, it will follow by RM 177m payout as special dividend to reward shareholder, worth 29sen/share

The key factor is upcoming Q result MUST show normalize EPS >2 sen in order for AWC share to recover back.

The massive orderbook of RM978 million is too attractive for such as small capital stock like AWC, value at 178m

AWC share still dampen due to negative surprise in previous Q4 result, which in turn due to several one off Goodwill provision and deferred tax.

However, once these one off non recurring is over, AWC earning should be normalize record in upcoming Q result. Expected AWC to record higher Q1 result due to several new contract secure + concession earning, EPS >2sen.

bought back uzma 97sen

Paramount looking at monetising RM690mil assets

Paramount Corp Bhd’s move to re-strategise its investments by gradually moving out of education and putting more money into property development may appear countercyclical at the moment, to say the least.

The decision to reduce its exposure in the education business that offers a stable revenue in favour of the property business amid challenging market conditions, has raised concerns.

However, Paramount group chief executive officer Jeffrey Chew (pic) believes “the time is right considering the soft market conditions”. As it turns out, the group’s strategy seems to resonate well with investors.

Year-to-date, the stock has outperformed the Bursa Malaysia Property Index, even as sentiment in the local property market remains subdued.

On June 21, the group’s share price hit an all-time-high of RM2.23, following the announcement on the divestment of Paramount’s stake in its K-12 education business for RM540.5mil.

Chew tells StarBizWeek that cash generated by monetising Paramount’s education business will mainly go towards landbanking activities and project developments.

The approach is in line with Paramount’s aspirations to become a pure-play property company.

On top of the divestments announced in the recent years, Paramount is looking at three potential ways to monetise up to RM690mil worth of assets over the next seven years. “Firstly, we can dispose of our remaining equity in K-12 over the next three to five years, which will give us about RM160mil.

“Secondly, we can raise up to RM50mil by monetising our remaining stake in the tertiary business comprising KDU University College Sdn Bhd (KDUUC), KDU University College (PG) Sdn Bhd (KDUPG) and KDU College (PJ) Sdn Bhd.

“Finally, we can monetise the campus assets leased previously to University of Wollongong. This can be done via a real estate investment trust and can raise about RM480mil,” says Chew.

When asked whether the move to invest more in landbanking efforts was akin to “going against the tide”, Chew disagrees.

“Yes, the property market is soft today, but this is the time where a lot of land owners are a little more reasonable in expectations in selling land or doing joint ventures.

“If you look at the current land bank that we have, we have RM7bil to RM8bil in gross development value. As we exhaust all the land bank, we need to replenish and as a property developer, it is good to continue having land bank to fund your growth,” he says.

On June 21, Paramount proposed to sell its controlling interest in three wholly owned subsidiaries – Paramount Education Sdn Bhd, Paramount Education (Klang) Sdn Bhd and Sri KDU Sdn Bhd – to Two Horses Capital Sdn Bhd for a cash consideration of RM540.5mil. TPG Capital Asia, the Asian investment platform of global alternative asset firm TPG, will provide financing to THC as well as strategic and operational support, including leveraging on its network and experience in the education sphere.

Following the completion of the proposed disposal, Paramount will only hold 30.3% in Paramount Education and 20% each in Paramount Education (Klang) and Sri KDU.

An industry observer described the divestment as a “good deal with a very good price”, considering the price-to-earnings ratio of about 16 times.

Paramount plans to use 32.7% of the proceeds raised from the K-12 divestment or RM177mil – the largest portion of its intended utilisation – as a special cash dividend for its shareholders within six months of the completion of the disposal.

The group also plans to use RM150mil to replenish its land bank and RM133.66mil to repay its borrowings.

In its report last month, RHB Research Institute pointed out that Paramount’s value-unlocking exercise for the K-12 education unit will be important in reducing its gearing level.

As of end-May, the group’s gearing level stood at 0.93 times, excluding private debt securities.

With the divestment of controlling stake by Paramount, the involvement by THC and TPG Capital Asia in the K-12 business will be key for its future growth and regional expansion.THC is led by two corporate figures with proven experience in the education space namely Tunku Ali Redhauddin Tuanku Muhriz and Datuk Ganen Sarvananthan.

Tunku Ali is also the senior advisor to TPG Capital Asia, which Ganen is a managing partner at the firm.

A source tells StarBizWeek that TPG Capital Asia is looking at expanding the K-12 education business nationwide and across Southeast-Asia.

“The firm has already invested in Vietnam Australian International School that has seven campuses in Ho Chi Minh City. The plan is to include it with the K-12 business,” he says. Over the last several years, Paramount has gradually reduced its exposure in the education segment.

In 2017, the group sold its Sri KDU Campus in Petaling Jaya for RM165mil to unlisted Alpha REIT, which led to Paramount dishing out a bumper dividend of 16 sen

https://uowmkdu.edu.my/photo_gallery/uow-kdu-press-conference-2019/

sold off balance also at 24.5sen

sold back partial I berhad at 24.5sen

AWC continues to replenish its orderbook strongly and has managed to secure in excess of RM250 million worth of new contracts with a substantial sum secured by the Facilities and Environment Divisions, followed by the Engineering and Rail Divisions. These contract wins contributed to the replenishments its orderbook which as at 30 June 2019 stands at RM978 million.

Of the RM600 million order book under the Facilities Division, RM161 million are Non-Concession contracts with balance of tenures ranging from 2 to 3 years. Remaining contracts totalling RM439 million are under the Concession segment recognizable over a period of 6 to 7 years.

The Environment and Engineering Divisions have outstanding order book values of approximately RM153 million and RM151 million respectively which are expected to keep these Divisions busy over the next 3 to 4 years. The Rail Division has an orderbook of approximately RM74 million which will be recognised over the next 2 to 3 years.

Backed by a strong orderbook which provides good earnings visibility, AWC expect to enhance and better its performance in the coming years. AWC strong presence in Putrajaya was further expanded via the award of new contract under the Facilities Division in the form of Institut Kanser Negara Hospital Support Services contract and Menara PJH. Including this new wins, AWC are now at 8 sites in Putrajaya, maintaining the Buildings of Ministry of Foreign Affairs, Ministry of Rural Development, Ministry of Communications and Multimedia, Palace of Justice, Galeria PJH and the Heriot Watt University Campus.

AWC expect the progress of its projects that it involved in to pick up further and to contribute positively towards performance and optimistic to continue to enhance shareholders value.

Technically, hohup share is In the midst of forming Cup and handle, a bullish formation on track.

The disposal bukit Jalil pavilion mall will allow hohup to monetize its land bank value at RM 266m, a value which is much higher than its current entire market capital.

https://www.theedgemarkets.com/article/ho-hup-group-launch-aurora-duo-bukit-jalil-1q2020

https://www.theedgemarkets.com/article/ho-hups-crown-service-suites-60-taken

add more hohup at 51sen

add AWC at 59.5sen

sold back jaks at 1.27

bought back jaks at 1.22-1.23

bought back gbg-wb at 36.5sen

bought back hohup at 51.5-52sen

bought advcon at 40.5sen

Shareholder can look forward higehr profit in upcoming Q3 result.

Firstly, work on LRT3 have RECOMMENCED since May 2019 and the intensity of the site activities have been on the UPTREND every month and has already in FULL-SWING for bored pilling and substructure work.

Secondly, Gbg will record profit on completed unit in upcoming Q3 result.

Thirdly, Gbg will record maiden profit from its newly launched E'island lake heaven.

add gbg at 1.25

Add all i-Berhad at 24.5sen

sold back spsetia at 1.33

bought back AWC at 61sen

bought back gbg at 1.26

YESSSSSSSSSSSSSSSSS

SP setia include in MSCI Global Small Cap Indexes

add spsetia at 1.29

KUALA LUMPUR (Nov 8): MSCI has dropped Boustead Plantations Bhd, Eastern & Oriental Bhd, Hong Leong Industries Bhd and UOA Development Bhd from the MSCI Malaysia Index, following its November 2019 Semi-Annual Index Review.

Meanwhile, Alliance Bank Malaysia Bhd, Ekovest Bhd, Frontken Corp Bhd, Leong Hup International Bhd, MMC Corp Bhd, Pentamaster Corp Bhd, Sime Darby Property Bhd, S P Setia Bhd and Syarikat Takaful Malaysia Keluarga Bhd were added to the index.

https://www.theedgemarkets.com/article/msci-drops-four-constituents-and-adds-nine-malaysia-index

sold back YTLP at 69sen

sold back uzma at 1.05

sold back jaks at 1.14

bought SP setia at 1.35

If wish to know the detail on tax rate derive from Vietnam, Pohhuat is good example for reference.

Revenue Profit before Tax Taxation
Malaysia 77.426m 8.43m 1.69m
Vietnam 87.419m 5.94m 0.89m

Remark: Malaysia tax rate 20%; Vietnam tax rate 15%. The tax was lower in Malaysia statutory rate 24% and Vietnam statutory rate 20% due to export incentive granted by both Malaysia and Vietnam. Both country already have double Taxation Avoidance Agreement, therefore, profit only tax on respective country.

As part of effort to encourage development IPP and foreign investment, Vietnam government have granted incentive to Jaks to enjoy first 4 year tax free. Thus, once power plant start commercial operation early next year, all profit derive from power will be tax at 0% rate, so that, the profit before tax = profit after tax.

bought back Uzma at 98.5sen

Swap capital to add more I-berhad at 23.5sen