TP:RM3.20

https://www.theedgemarkets.com/node/659133

March 14, 2023 19:52 pm +08

UOB bullish on Oppstar, initiates coverage with TP of RM2.28
-A+A
KUALA LUMPUR (March 14): Ahead of Oppstar Bhd’s listing on the ACE Market on Wednesday (March 15), UOB Kay Hian has initiated coverage on the integrated circuit (IC) design service provider with a 'buy' call and a target price (TP) of RM2.28.

UOB analyst Desmond Chong said he derived his valuation on Oppstar, the first-ever listed local IC design house, based on 50 times forecasted FY2024 price-to-earnings ratio (PER).

“As there is no comparable local listed peers for valuation purposes, our valuation yardstick is based on a 10% premium of its global peers’ average two-year forward PER,” he said in a note on Tuesday.

Branded

GrabFood introduces Saver Delivery – lowest delivery fee from the widest range of restaurants
GrabFood Malaysia is revamping its delivery options to enhance its affordability and accessibility for Malaysians. This includes expanding the Saver Delivery option to additional cities nationwide beginning today, providing a lower delivery fee option for consumers across the country.

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Touching on Oppstar’s initial public offering (IPO) price of 63 sen — which is valued at 19.6 times FY2023 PER — Chong said the research house sees ample upside and expects a three-year net profit compound annual growth rate (CAGR) of 35% from FY2022, at an undemanding price-to-earnings to growth (PEG) ratio of 0.5 times.

“Blue-sky valuation if pricing at two times PEG ratio (average peak PEG valuation of tech names during the tech run in 2021) suggest potentially higher TP of RM3.20 (at 70 times FY2024F PER).

Chong said Oppstar is to benefit from the US-China tech war given that Washington banned IC design giants AMD and Nvidia from exporting their advanced AI ships to China due to potential military use.

“Capitalising on the geopolitical neutrality, we believe Oppstar has the upper hand. It is noteworthy that Oppstar has secured its first AI ASIC projects from China customers in 2020 and has received enquiries from its China customers on specific design and turnkey design services.

“In terms of market share, by looking at the size of global IC design sales (2021: RM819 billion), Oppstar’s revenue of RM50.5 million was only at a meagre 0.0062%,” he said.

In comparison, PublicInvest Research on March 3 pegged a fair value of 92 sen on Oppstar based on a 23 times PER to its FY2024 forecasted earning per share of four sen.

Last week, Oppstar announced that its shares offered to the public under the IPO were oversubscribed by 77.05 times, with 39,103 applications for 2.48 billion shares received for the 31.81 million shares made available.

The 22.27 million shares made available for its eligible directors, employees, and business associates were fully subscribed, while the 31.88 million shares made available for application by way of private placement to selected investors were also fully taken up.

The 79.53 million shares made available to Bumiputera investors approved by the Ministry of International Trade and Industry by way of private placement were also fully subscribed.

The company makes money with a stable income and believes that there will be a period of climbing.

https://www.theedgemarkets.com/node/658056

Demerger of SMRT and Minda Global catches interest
Kamarul Azhar
/
The Edge Malaysia

March 14, 2023 17:00 pm +08

Look at today's trend tomorrow will break above 0.50.

RAM Ratings revises outlook on YTL Power to stable on improved earnings and credit quality, reaffirms AA1 ratings
Published on 18 Jan 2023.



RAM Ratings has revised YTL Power International Berhad’s (YTLPI or the Group) long-term rating outlook to stable from negative while concurrently reaffirming the AA1 ratings of its RM5 bil Medium-Term Notes Programme (2011/2036) and RM2.5 bil Sukuk Murabahah Facility (2017/2027).

The Group is a diversified conglomerate, operating on two continents and in multiple business lines, with a solid track record in concession businesses. The outlook revision reflects the turnaround of YTLPI’s power generation business in Singapore which led to improved earnings diversity, as well as the better than expected dividend paying capacity of its water and sewerage segment. Its financial metrics outperformed expectations following the successful disposal of YTLPI’s stake in ElectraNet Pty Ltd, which we did not factor in previously. The sale substantially boosted cash reserves and unexpectedly moderated the Group’s debt level. Going forward, YTLPI’s operating cashflow (OCF) to net debt cover is projected to be above 0.40 times, supportive of the AA1 ratings. YTLPI’s company-level OCF to net debt coverage ratio came in at 0.64 times in FY June 2022 (FY June 2021: 0.51 times), exceeding our expectations of 0.14 times.

Figure 1: Pre-tax profit boosted by disposal gain

Note: Figures above the bars indicate the respective years’ pre-tax profit.

The Group’s pre-tax profit more than doubled to RM1.37 bil in FY June 2022, largely anchored by the gain on the disposal of ElectraNet and the stronger earnings of its power generation business in Singapore. Looking ahead, we expect continued improvement in the power generation business (owing to improved efficiency after the integration of its newly acquired Tuaspring plant as well as easing industry reserve margin) and the relatively sustained earnings of its UK water and sewerage segment to support core earnings growth.

The Group’s ability to monetise assets and investments to support post-pandemic earnings recovery supports the benefit given to its robust financial flexibility in our assessment. The divestment of its stake in ElectraNet at a gain of RM1.3 bil in FY June 2022 is testament to management’s investment capabilities and value creation. The disposal allows capital to be redeployed to new businesses/investments and curtail added leverage risk.

The Group’s liquidity profile stayed superior, backed by RM6.83 bil of unencumbered cash reserves as at end-June 2022. The ratings consider the Group’s strong financial flexibility, with a sizeable net realisable asset value (RNAV) of around RM30 bil against company-level debts of RM7.52 bil as at the same date. Potentially weighing on YTLPI’s financial metrics is the sizeable capital outlay for new investments and not accompanied by immediate earnings or a dividend uplift. While this will be revisited as more details become available, the Group’s proven investment capabilities and risk appetite track record are reassuring from a credit perspective.

Capital A jumps to 15-month high, among Bursa's top active stocks
TheEdge Thu, Mar 09, 2023 11:41am - 46 minutes



KUALA LUMPUR (March 9): Capital A Bhd shares continued to rise for the fourth day, spiking to 83.5 sen in Thursday (March 9) morning trade, their highest since 84 sen on Dec 2, 2021.

At the time of writing, the counter was the eighth most actively traded one on Bursa Malaysia, with 17.73 million shares changing hands.

Meanwhile, its sister company AirAsia X Bhd also saw its share price jump for the fourth consecutive day to RM1.15. It was up eight sen or 7.55% to RM1.14, landing in the sixth place among top gainers on the local bourse.

On Tuesday, Capital A announced that its president of commercial Colin Currie was appointed as the chief executive officer of airasia Digital, while its head of investments John Cheing was appointed as the chief financial officer of airasia Digital and the airasia Super App from March 1.

The group also announced a blueprint to grow its digital business, led by Currie.

“I have full confidence in the commercial president of Capital A, Colin Currie, to take the CEO role for airasia Digital given his past experience of leading Adidas to record-breaking growth in the regional market he managed. He will be heading a competent team to create stronger synergy and better user experience in travel and payment by forging closer collaboration between the airasia Super App and BigPay platforms for users within the Capital A ecosystem,” said Capital A CEO Tan Sri Tony Fernandes in a statement.

“John’s experience as the head of investments of Capital A and his close involvement, especially with the strategic planning of the airasia Super App, will also be beneficial in his new role as the CFO of airasia Digital. Both Colin and John will work closely with me to scale our digital business portfolio up,” Fernandes added.

Out of 13 analysts who covered the stock, five had "buy" ratings, five had "hold" calls, while three had "sell" ratings. Meanwhile, target prices ranged from 40 sen to RM1.25, with a consensus price of 75 sen.

https://www.youtube.com/watch?v=hw9FKK0MnZo

Capital A strengthens digital business Colin also serves as AirAsia Digital CEO
Chinapress Tue, Mar 07, 2023 07:33pm - 16 hours


(Kuala Lumpur, 7th) The Asian aircraft carrier company Capital A (CAPITALA, 5099, main board consumption) announced that Colin Currie, the group commercial president, will also serve as the chief executive officer of AirAsia Digital (airasia Digital), and he will take on a dual role to develop The blueprint for the group's digital businesses.

colin
colin
John Cheing, head of investment at Capital A , has also been appointed chief financial officer of AirAsia Digital and airasia Super App, a travel and lifestyle platform, effective March 1.

The company said in a statement that these leadership transitions are in line with the company's growth plans to expand its digital business portfolio, including subsidiary airasia Super App and its fintech company BigPay.

Capital A Chief Executive Officer Tan Sri Tony Fernandes said that as evidenced by the group's fourth quarter 2022 results, its super app and fintech businesses have both performed strongly and are pleased to launch the digital portfolio. The next stage of growth.

“I have full confidence in Colin, Commercial President of Capital A , in the role of AirAsia Digital CEO as he has led Adidas to record growth in the regional markets he manages in the past. He will lead a capable team. team, by creating a closer collaboration between the airasia Super App and the BigPay platform for users within the Capital A ecosystem, creating stronger synergies and better user experience in travel and payments. "

Begin to resume the ascent.

Will start flying in the afternoon.

The main thing is that new businesses can make a lot of money.

The rise today is stronger than yesterday.

Slowly rise a little every day.

Prepare for limit up tomorrow.

Can still get in at this price now? I'm afraid will stay in a suite again?

There is a chance to exceed 0.8 before the market closes

The afternoon would be the time to go up.

客凯易大批股票交易 黄天顺共持22.02％
Sinchew Wed, Feb 15, 2023 10:31am - 2 hours




（吉隆坡14日讯）客凯易（CUSCAPI,0051,主板科技组）出现大批股票交易。

交易所资料显示，黄天顺在上周五（10日）售出客凯易的1400万股或1.48%股票，以及在同一天通过亚洲互联网控股公司（Asia Internet Holding）买进8325万股股票或相等于8.811%股权。

根据客凯易的大股东股权变动通知，这两宗交易都是在场外进行直接买卖。

完成交易后，黄天顺直接持股为1亿2480万8000股或13.209%，间接持股8325万股或8.811%，因此总持股为2亿零805万8000股或22.02%。

黄天顺也是近期备受关注的MYEG服务（MYEG,0138,主板科技组）的大股东。

Radio Port售6.02%
另一方面，Radio Port公司脱售5690万股股票或6.02%股权，不再是客凯易主要股东。

在英属维京群岛注册的Radio Port公司同样是在上周五，通过直接交易方式卖出这批股权。

Many people go to beta.
Betamek secures RM123.5mil contract to supply various electronics parts for new Perodua model
KUALA LUMPUR: Electronics manufacturing services (EMS) provider Betamek Bhd has secured a RM123.5 million contract to supply various electronics parts for a new Perodua model. On February 13, the company's wholly-owned subsidiary Betamek Electronics (M) Sdn Bhd (BESB) received a letter ...

The dealer is pushing up after washing the retail investors.

It seems to be going down.

The closing price could be above 0.6.

Interest picks up in Penang-based Ewein as share price and volume rise
TheEdge Tue, Feb 07, 2023 04:00pm - 6 days



MAIN Market-listed Ewein Bhd appears to be back on investors’ radar screens as shares of the property developer have risen by 64% since Jan 13, to a 52-month intra-day high of 57.5 sen apiece on Jan 19. Shares of the company also saw heavy trading volume from Jan 13 to 19.

What could be brewing at the Penang-based property developer, whose founder and executive chairman Datuk Ewe Swee Kheng committed suicide in October 2021? It is worth noting that his brother, Ewe Swee Kiat, resigned as the group’s non-executive director on Nov 17, 2022, to “pursue other business interests and personal commitments”, according to a filing with Bursa Malaysia. Swee Kiat, a lawyer, was appointed to the board on Nov 18, 2021.

His sister Ewe Lay Khim, who was made executive chairman also on Nov 18, 2021, remains in her position at the time of writing. A chemist by training, she was appointed a non-independent non-executive director at Ewein on May 27, 2015.

“The industry has been hearing about a boardroom restructuring at the company with a new shareholder emerging. However, there are no details on who that might be,” a market observer says.

According to its 2022 annual report, Ewein’s largest shareholder as at April 5, 2022, was Hijauwasa Sdn Bhd with a direct interest of 39.99%.

Thus far, there has been no announcement on any shareholder changes since Oct 1, 2021, when the company disclosed that a 39.99% stake, or 37.5 million Ewein shares, had been transferred from Amsec Nominess (Tempatan) Sdn Bhd to Hijauwasa.

Hijauwasa is the private vehicle of the late Swee Kheng.

A check with the Companies Commission of Malaysia (SSM) shows that Hijauwasa is still held by the Ewe family. The group has no other major substantial shareholders.

交通部推行电子路税 MYEG服务暴跌近18%
（吉隆坡10日讯）陆路交通部即日起推行电子路税和电子驾照，之前好不容易“止血”2日的MYEG服务（MYEG，0138，主要板科技）再次沦为投资者的抛售对象，今日盘中一度暴跌12.5仙或17.5%。MYEG服务...
Chinapress10 Feb, 2023 16:11pm - 8 minutes ago

go go go

I have bought 10,000 shares of 0.73

Buy 10,000 shares in the afternoon to see if you can push it up.

APPASIA Financial Information
Market Capital (RM)
: 152.27m
Number of Share
: 1.128b
EPS (cent)
: 0.09 *
P/E Ratio
: 150.00
ROE (%)
: 0.04
TTM Profit Margin (%)
: 1.3
CAGR - Revenue (%)
: 69.2
CAGR - PAT (%)
: -
Business+
: Member Only
YoY Score
: Member Only
QoQ Score
: Member Only
Dividend (cent)
: 0.000
Dividend Yield (%)
: 0.00
Dividend Policy (%)
: Member Only
NTA (RM)
: 2.260
P/B Ratio
: 0.06

APPASIA (0119)布局下一个GENETEC GENETEC? - I3investor

There is a good chance of breaking above 0.40 next week.

go go go

It is normal for the US stock market to fall coupled with tomorrow's KLSE holiday to have a sell.

There are white samurai entering.

It will start skyrocketing in the afternoon or tomorrow.

After washing, the dealer pushes it up again.

I heard that it was (Eddie Ong) who took a stake??

Be careful, the bookmaker is speculating on retail investors chasing.

The dealer deliberately lowers the price to make retail investors sell and then pushes up the stock price.

Rising step by step.

Today it is bullish to 0.70

（吉隆坡17日讯）机器视觉解决方案开发商——TT愿景（TTVHB,0272,创业板科技组）即将于1月18日上市大马交易所创业板，其核心业务是研发和制造机器视觉设备及相关产品。

预期再生能源包括太阳能发电系统和省电的LED灯采用率上升，支撑该公司的增长前景，预计2022至2024年的每股盈利将增长36.8%、23.1%及16%。

我们以20倍本益比为准，得出合理价为每股60仙。（达证券）

New stock introduction TT vision was launched on January 18
(Kuala Lumpur, 17th) Machine visual solution developer -TT Vision (TTVHB, 0272, GEM Technology Group) will be listed on January 18th Malaysia Exchange GEM. Its core business is to develop and manufacture machine vision equipment And related products. It is expected that renewable energy includes solar power generation systems and electric -saving LED lights to increase rates to support the company's growth prospects. It is expected that earnings per share from 2022 to 2024 will increase by 36.8%, 23.1%and 16%. We are based on the 20x PPO, and the reasonable price is 60 cents per share. (Da Securities)

https://www.klsescreener.com/v2/news/view/1098661/%E6%96%B0%E8%82%A1%E4%BB%8B%E7%BB%8D-tt%E6%84%BF%E6%99%AF1%E6%9C%8818%E6%97%A5%E4%B8%8A%E5%B8%82

Be careful

(ttvhb) only earned 1.82 million and the stock price rose to 1.70. (Natgate) earned more than 30 million and the stock price has to exceed RM10 to be reasonable?

Not every new IPO is like Natgate& infom.

Big investors have entered.

财经新闻
首日上市收在最高价位 NationGate飙1.63倍
董事经理⻩勇亮，今天在记者会上表示，上市创业板寓意着公司迈入新的旅程碑，同时也借此机会迈入下一个增长阶段。

“你们问我对首日股价有何反应，我只能说，整体表现是超出预期的。股价飙升我们当然高兴，不过，是没想到会冲的那么高。”

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“谢谢投资者对我们的厚爱，因为投资者想表达的情绪，已反映在股价上，而我们会用实际行动，来感谢股东们。”

在问及公司如何看待未来展望时，⻩勇亮表示，全球依旧充斥着多个挑战，如地缘政治、冠病疫情确诊人数走高，以及经济放缓等。

“不过，我们依旧乐观看待整体经济走势，因为在5G网络广泛部署和电动车需求增加的驱动下，将大大提振网络、电讯和汽车领域。”

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企业服务董事郑成洲则表示，公司的客户来自多个层面，其中最主要的是网络及通讯设备制造商，随着5G蓬勃发展，公司将会因此受惠。

“当然，新政府可能会在新的财政预算案里，降低5G的支出额度，但是，这对我们的影响微乎其微，因为公司不仅仅专注国内发展，同时也在其他区域共同运作，支撑5G发展。”

根据招股书，该公司的网络及通讯设备业务，在2022财年占营收约66.5%；汽车业务和半导体业务，则分别占3.7%和2.9%。

郑成洲补充：“至于电动汽车领域方面，现在是大家最为关注的领域之一，这有助于提升我们在未来的增长。值得注意的是，我们在欧洲有很稳定的客户群。”

“由此可见，尽管依旧会遭受到多方冲击，不过我们将挺过去，同时还能变得更强大力健。”

将拟派息政策

当被问及派息政策时，⻩勇亮表示，公司将拟定派息政策，不过一切都有待商讨后再公布。

“我们内部董事会先进行商讨，或是在年会上讨论。”

“不过，如果根据以往记录，公司在每一年都有派发股息，因此这个活动将会继续下去。”

他打趣的表示，不仅是投资者提出质疑，就连马交所也有同样的疑问，即口头上的每年派息，为何到了2022年却停止派发呢？

“我们有回应马交所的疑问，其实，2022年停止派发股息，是因为我们在做上市筹备活动，因此暂停派息活动，如今已完成上市，股息派发当然也会跟着恢复。”

A company that can earn more than 30 million yuan in profit and pays dividends should see its share price go up again.

https://www.theedgemarkets.com/node/651630


NationGate breaches RM1 mark, jumps 11%
Sufi Muhamad
/
theedgemarkets.com

January 13, 2023 10:42 am +08
NationGate breaches RM1 mark, jumps 11%
-A+A
KUALA LUMPUR (Jan 13): NationGate Holdings Bhd’s share price breached the RM1 mark and jumped 11% in early morning trade on Friday (Jan 13), merely a day after a firm start on the ACE Market of Bursa Malaysia.

At the time of writing, the stock was up five sen to RM1.05 a share, with 89.96 million shares done. The stock earlier rose to a high of RM1.11.

The electronics manufacturing service provider debuted on the ACE Market on Thursday, closing at RM1 against its initial public offering (IPO) price of 38 sen — a premium of 163.16%.

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Its trading volume was 654.92 million, while its market capitalisation stood at RM2.07 billion, making it the largest IPO on the ACE Market to date.

UOB Kay Hian Securities on Wednesday (Jan 11) initiated coverage of NationGate with a "buy" rating at 38 sen, and a target price of 98 sen, and said the stock was listing at an undemanding 13.8 times 2021 price-earnings.

The research house said it sees multiple legs of growth that can supercharge a three-year revenue/core net profit compound annual growth rate of 24%/30%, premised on cross value-chain integration, trade-diversion related supply chain reconfiguration, and aggressive expansionary plans.

“While NationGate can offer high-mix low-volume and low-mix high volume production set-ups, its strategic diversification towards recession-proof segments has borne fruition, especially amid the current economic downturn," the research house added.

With a boss who knows how to speculate in stocks, you don't have to worry about the stock price not rising.

Can pass 0.40 before the market closes?

Eddie Ong is giving big angpow for CNY!