@warrenchok90 - no one is arguing- just sharing different perspective so that all can make an informed decision

having said that from 1st Oct until 31st Dec 21 - 10% discout offered to 6 industry sectors - hotel,airline,convention centre,shopping mall, theme parks, travel and tour agencies

This year, Malaysia will see 5G rollout in Kuala Lumpur, Putrajaya and Cyberjaya, followed by
Selangor, Penang , Johor, Sabah and Sarawak in 2022 and other states in 2023.
"At the moment, the industry is consolidating, the people are collaborating, and Tenaga is no exception, " Baharin comments. " We are quite open to that consolidation and to collaboration with different parties that see any mutual benefit of working together. It's a question of where and when we can go in. It's quite a crowded market. " Thus far, Tenaga's fibre venture has largely revolved around the provision of broadband services to operators riding on its infrastructure.
Since last year, Tenaga's wholly-owned unit Alio Technology Sdn Bhd has partnered with Astro, DiGi and Celcom to lease its assets, using a wholesale model.The utility group is now activating its fibre assets in Perak , Penang , Kedah and Johor, with a revised target of connecting 180,000 premises by year-end. "The contribution is small at the moment , yes, but we see a future
ahead, " says Baharin .

After successfully hooking up about 90,000 homes in Melaka and Perak with internet connectivity,
Tenaga Nasional Bhd is upbeat on its prospects as an infrastructure provider in the telecommunication s space

opportunity on 5G is on the table for Tenaga

On July 5, Digital Nasional Bhd (DNB), the government's special-purpose vehicle tasked with executing the 5G rollout, announced that Ericsson had been selected to design and build Malaysia's nationwide 5G network.The project is estimated to cost RMll billion and will incorporate
tower rental and fibre leasing, with the latter possibly proving to be lucrative for fibre asset owners
such as Tenaga. It is understood that DNB is likely to lease the existing fibre-optic cable network owned by different parties, including Tenaga and the telecommunications companies. However, more needs to be built and, for that , DNB will have an open tender to award the jobs. While microwave backhaul through towers is the most common technology for 4G/5G backhaul, fibre is the preferred choice to confidently support 5G implementation such as the Internet of Things, where smart household appliances — dozens in each home eventually flood the network .
"You see our pole at the doorstep of most premises in the country that says something about our competitive advantage, " says Baharin. Like he says, Tenaga's competitive advantage is in its last-mile connectivity. Any home with electricity supply practically has Tenaga's fibre assets ready to be activated to support the 5G rollout.

67-68% of their revenue comes from
Other Revenue (Regulated Entities, Subsidiaries & Other Group Revenue)

If you study the overallrevenue breakdown, major contributor is not power generation...do try to probe sum more

TNB has pledged not to invest in greenfield coal plant (Jimah East Power which was commissioned in 2019 is the last new coal plant for TNB). Their coal related revenue will not exceed 20% by 2030

Palm Oil is expected to trade at 4198.31 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4745.75 in 12 months time.

Forecast that high CPO price is expected until most of 2022

On FGV’s upstream oil palm operations, the company said it manages a total land bank of 439,275ha in Malaysia and Indonesia to produce approximately three million tonnes of CPO annually.

How is crude palm oil produced?

Two types of oil can be produced; crude palm oil comes from squeezing the fleshy fruit, and palm kernel oil which comes from crushing the kernel, or the stone in the middle of the fruit.

nothing to fear @starsherpa (analyst remain neutral)


RAB – fuel cost pass-through. Under RAB framework, there is an ICPT mechanism to pass-through the fluctuation of fuel costs to end users. Historically, government has been subsidizing fully (through KWIE or other funds) or partially and allowed to pass through the higher energy fuel costs to end users in the form of surcharges. Hence, we expect TNB to remain neutral from the recent surge in energy prices (except for short term cash flow impact due to timing recognition mismatch), while PGB and YTLP are not directly affected by fuel costs.

254,010 MT CPO produced x RM3800/mt = RM965,238,000 sales revenue

Lower production for FFB due to labour shortage

Rubber production output higher than the month before but everything else is lower than the month before

The production figures of FGV Holdings Berhad for the month of September 2021 are set out below:

Items

Production

Fresh Fruit Bunches

379,826 MT

Rubber

378,194 KG

Crude Palm Oil Produced

254,010 MT

Palm Kernel Produced

63,532 MT

This announcement is dated 8 October 2021.

Minimum 25% total listed shares to be available in the hands of public security holder

PART A – GENERAL
8.01 Introduction
This Chapter sets out the continuing listing obligations that must be complied with, amongst others, by a listed issuer, its directors or advisers in addition to other continuing listing obligations which have been set out in other Chapters of these Requirements.
PART B – CONTINUING LISTING CRITERIA
8.02 Compliance with security holding spread requirement
(1) A listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) or listed units are in the hands of public security holders. The Exchange may accept a percentage lower than the 25% threshold if it is satisfied that such lower percentage is sufficient for a liquid market in such securities.
(2) Listed issuers which have shares or units listed on other stock exchange(s) may have these securities included for the purpose of computing the percentage of security holding spread referred to in subparagraph (1) above.
(3) A listed issuer must immediately announce to the Exchange if it becomes aware that it does not comply with the required security holding spread referred to in subparagraph (1) above.
(4) A listed issuer which fails to maintain the required security holding spread referred to in subparagraph (1) above may request for an extension of time to rectify the situation in the manner as may be prescribed by the Exchange.
(5) A listed issuer must furnish a schedule containing the information set out in Appendix 8E to the Exchange, upon completion of a take-over offer under the Take-Overs and Mergers Code.
[Cross reference: Practice Note 19]

Travel open and suddenly air asia is profitable..kikiki..kalau profitable tak perlu laa buat Air Asia digital tu…mana ada airline company waste their bleeding resources to do another business not related to airline core business

Felda largest sharholder have to trim their holdings as they failed to take FGV private

Beware of pump and dump operator - promoting air asia as if suddenly air asia can pay their debts tmrw when travel is allowed

Under an assumed liquidation scenario of AAX, the estimated recovery for the creditors of AAX is nil,” AAX warned in its explanatory statement.

Somebody ate more than he can chew and give you a finger to boot!

haha...that will not help to cover Air Asia monthly cash burn rate approx RM50 million a month

Good for cash flow..hope can paydown some debts

Oct 21 - Parkson dapat duit US$8 juta for the remaining 80%

PARKSON RETAIL ASIA LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No. 201107706H)
COMPLETION OF THE PROPOSED DISPOSAL OF PROPERTY IN HAI PHONG CITY, VIETNAM
The Board of Directors ("Board") of Parkson Retail Asia Limited ("Company") refers to its
announcements dated 27 July 2020, 30 October 2020, 8 February 2021 and 16 June 2021, as well as
its circular to Shareholders dated 15 October 2020 (“Circular”) in relation to the Proposed Disposal.
Unless otherwise defined, all capitalised terms used in this announcement shall have the same
meanings ascribed to them in the Circular.
The Board is pleased to announce that Parkson Haiphong Co. Ltd., a wholly-owned subsidiary of
Parkson Corporation Sdn Bhd which in turn is a wholly-owned subsidiary of the Company, had on 1
October 2021, completed the Proposed Disposal.
BY ORDER OF THE BOARD
Tan Sri William Cheng Heng Jem
Executive Chairman
4 October 2021

PARKSON RETAIL ASIA LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201107706H)
UPDATE ON THE PROPOSED DISPOSAL OF PROPERTY IN HAI PHONG CITY, VIETNAM
1. INTRODUCTION
The Board of Directors (“Board”) of Parkson Retail Asia Limited (“Company”) refers to:
(a) the announcement dated 27 July 2020 in relation to the Proposed Disposal;
(b) the circular to Shareholders dated 15 October 2020 in relation to the Proposed Disposal
as a major transaction (“Circular”);
(c) the announcement dated 30 October 2020 in relation to the approval of the
Shareholders obtained for the Proposed Disposal at the EGM of the Company held on
30 October 2020; and
(d) the announcement dated 8 February 2021 in relation to the update on the Proposed
Disposal, including PHCL entering into the Amended and Restated Asset Transfer
Agreement dated 8 February 2021 (“Amended and Restated SPA”).
Unless otherwise defined, all capitalised terms used in this announcement shall have the same
meanings ascribed to them in the Circular.
2. UPDATE ON THE PROPOSED DISPOSAL
The Board wishes to update the Shareholders that on 16 June 2021, PHCL and the Purchaser
have entered into an addendum to the Amended and Restated SPA (“Addendum”, and
together with the Amended and Restated SPA, the “Supplemental SPA”) to amend some of
the terms of the Proposed Disposal.
2.1 Consideration
Pursuant to the Supplemental SPA:
(a) the remaining Consideration (other than the Earnest Deposit and the Additional Deposit
which have been received by PHCL) will be paid by the Purchaser to PHCL in two
tranches as follows:
(i) within 5 business days from the date that the Purchaser is issued with the
Amended Certificates of Land Use Right, the Purchaser shall pay
VND21,645,500,000 (equivalent to approximately US$943,200 or
S$1,251,547 applying exchange rates of VND22,949 : USD1.00 and
VND17,295 : S$1.00 (“Relevant Exchange Rates”)) (“Counterpart Funds”)
to PHCL’s account opened with the Assigned Bank (“Assigned Account”) or
such other bank account of PHCL which PHCL may inform the Purchaser in
writing. The Purchaser’s obligation to pay 20% of the Consideration to PHCL,
after deducting the Earnest Deposit and the Additional Deposit, shall be
deemed satisfied by the payment of the Counterpart Funds to PHCL; and
(ii) within 5 business days from the date the Purchaser makes payment of the
Counterpart Funds, completes the registration of its mortgage and delivers the
Amended Certificates of Land Use Right to the Assigned Bank in accordance
with the terms of the loan agreement with the Assigned Bank, the Purchaser
shall pay the remaining 80% of the Consideration, being VND183,040,000,000
(equivalent to approximately US$7,975,947 or S$10,583,406, applying the
Relevant Exchange Rates) (“Relevant Amount”) to the Assigned Account to
be held in escrow;
(b) the Relevant Amount and all interest accrued thereon shall be released by the
Assigned Bank to PHCL immediately after the Assigned Bank receives the relevant
handover minutes in accordance with the terms of the Amended and Restated SPA,
which shall take place no later than 30 days after issuance of the Amended Certificates
of Land Use Right; and
(c) PHCL shall have the right to terminate the Supplemental SPA by giving 3 business
days’ written notice to the Purchaser in the event Purchaser does not comply with its
payment obligations in relation to the Consideration in accordance with the
Supplemental SPA.
2.2 Extension of Time to Fulfil Conditions Precedent
Pursuant to the Supplemental SPA, the long-stop date for fulfilment or waiver of the Conditions
Precedent has been extended to fall 240 days from the date of the Amended and Restated SPA
(or such other date as may be agreed in writing between PHCL and the Purchaser).
3. FURTHER INFORMATION
The Company will make further announcement(s) to update Shareholders as and when
appropriate.
Shareholders and potential investors should exercise caution when trading in the shares of the
Company, and where in doubt as to the action they should take, they should consult their
financial, tax, legal or other professional advisers.
4. DOCUMENTS FOR INSPECTION
A copy of the Addendum is available for inspection during normal business hours at the
registered office of the Company at 80 Robinson Road #02-00 Singapore 068898, for 3 months
from the date of this announcement.
BY ORDER OF THE BOARD
Tan Sri William Cheng Heng Jem
Executive Chairman
16 June 2021

Recovery utilities demand. With the number of new Covid-19 cases coming down and increasing vaccination rate nationwide, Malaysia is progressing well into Phase 2, 3 and 4 of National Recovery Plan (NRP). Demand for utilities i.e. electricity and gas, are expected to recover in 4Q21 as more economic activities are being allowed in tandem with the gradual relaxation of lockdown measures.

Surge in energy prices. Global energy prices have recently surged drastically due to overwhelming demand as countries are stocking up on back of economy recovery and anticipation of a severe coming winter season in northern hemisphere, while supplies are hit by production problems. It was reported that spot coal price has reached US$230/mt (RM920/mt) while spot Asian LNG price hit US$25/mmbtu (RM100/mmbtu). Similar to 2007-2008, we believe the current high prices are unsustainable and will ease in 2022 post winter season and production being ramped up. Nevertheless, the surge has certainly raised concerns on the impact to Malaysia economy and the utilities sector in terms of electricity generation cost and demand for utilities at least in the short term.

RAB – fuel cost pass-through. Under RAB framework, there is an ICPT mechanism to pass-through the fluctuation of fuel costs to end users. Historically, government has been subsidizing fully (through KWIE or other funds) or partially and allowed to pass through the higher energy fuel costs to end users in the form of surcharges. Hence, we expect TNB to remain neutral from the recent surge in energy prices (except for short term cash flow impact due to timing recognition mismatch), while PGB and YTLP are not directly affected by fuel costs.

Going green. Under the recent 12MP, government has again highlighted its commitment to reduce carbon emissions intensity by 45% by 2030 and achieve carbon neutrality by 2050 by accelerating RE programs, replacing expiring coal-fired power plants with new gas-fired power plants and RE. Higher RE mix will also reduce the impact from the energy fuel price volatility in the future. TNB has already committed towards carbon neutrality by 2050 in line with government’s policy, while YTLP has started planning for its first LSS 500MW in Malaysia. PGB is also exploring opportunities for new Co-gen plants, while being expected to benefit from the increasing demand for LNG/gas in Malaysia.

Maintain OVERWEIGHT. We maintain our sector call on Utilities with OVERWEIGHT, given the earnings and dividend sustainability of the sector in a time of market uncertainty plagued by the pandemic. Maintain BUY on TNB (TP: RM12.50), YTLP (TP: RM0.85) and PGB (TP: RM19.00).


Source: Hong Leong Investment Bank Research - 18 Oct 2021

The demand for utilities (i.e. electricity and gas) is expected to rebound in 4Q21 in tandem with Malaysia shifting towards Phase 2-4 of NRP. However, the recent surge in global fuel energy prices has raised concerns on the impact to the economy and utilities sector. We expect the surge in fuel energy prices to be relatively short-term and the RAB-ICPT mechanisms remain intact, protecting TNB from the surge of fuel costs (to be covered by combination of subsidies by government/KWIE and allowing surcharge to end users), while YTLP and PGB are not directly affected by the fuel energy prices. Utility-cos are also adhering to government’s commitment towards carbon neutrality by 2050. We maintain Overweight on Utilities sector, with BUY for TNB (TP: RM12.50); YTLP (TP: RM0.85); and PGB (TP: RM19.00), on the companies’ stable earnings and sustainable dividend payouts.

RM0.30-40 sens ok kot

dividend even low will still be better than most blue chip counter in Bursa

Come and list your ipo in Bursa laaa

Parkson china is the biggest revenue contributor and they are on the roll!

Prospects
For the fifth quarter ending 30 September 2021, the Group's Retailing division is expected to experience lower traffic flow in the absence of major festivities, besides facing many challenges brought on by the prolonged COVID-19 pandemic.
In light of the challenging market environment amid the pandemic and weak consumer sentiments, the Group has at all times continue to focus its priorities on enhancing product offerings, optimising operational efficiency and productivity as well as cost rationalisation. At the same time, Parkson China will continue to broaden its product range, initiate variety of operation modes to diversify the income source, and enhance multi-channel services, to fully seize the opportunities brought by market recovery.

Parkson is a member of The Lion Group, an international conglomerate which was established in the 1930s in Malaysia. Parkson is currently operating a network of 123 department stores across Malaysia, China, Vietnam, Indonesia and Myanmar, spanning 2.1 million sqm of retail space and serving over 100 million customers a year.

29 June, 2005 marked the official launching of the first Parkson department store in Ho Chi Minh City as one of the leading department store brands in Asia. This was the first time Ho Chi Minh City welcomed a department store with an international standard.

Parkson has been managing 4 department stores: 2 in Ho Chi Minh City, 1 in Hai Phong and 1 in Da Nang where shoppers can find more than 300 well-known international fashion brands and many of them had never been distributed in Vietnam prior to Parkson's entry. These brands include Shu Uemura, The Body Shop, Estée Lauder, Lancôme, Clinique, Shiseido, Lacoste, Levis, Ecco, Geox, Adidas, Nike, Hush Puppies,... Popular Vietnamese brands such as Vera, Nino Maxx, N&M, An Phuoc can also be found at Parkson.

Parkson offers a wide range of entertainment services and food & beverage service that cater to all needs of customers. Parkson is keen on bringing to customers a special shopping experience with various promotional events happening throughout the year.

In addition to special promotions developed for Christmas, New Year and Lunar New Year, Parkson also hosts a number of sales events with specific themes such as: Summer Sales, Beauty Fair, Lady’s Fair, VIP Sales …

Besides, Parkson has always wanted to contribute to community development by organizing charity campaigns, funding for scholarships for underprivileged children and participating in environmental activities on a yearly basis.

With a motto Parkson - Fashion, Beauty and Lifestyle, Parkson has quickly positioned their professionalism in the retail market as a reliable distributor of high quality fashion, beauty and lifestyle products, contributed to bring to Vietnamese customers a trustworthy shopping destination.

Parkson NTA is RM1.59/unit

Tenaga is smelling fishy? On the contrary my dear..Tenaga is milking it with recovery

Crash is inevitable..sell now

Risk of transmission is reduce

Dun be liddatla…..vaccine or not vaccince…all can spread covid maaa..but if school got SOP..wear mask..sanitize and everyone follow..risk of transmission is not

Air Asia Digitlal business will not able to help a cash hungry operation such as Air Asia Aviation

Easy for TF to file for bankruptcy as Air Asia Aviation rather than Air Asia as a whole

Avianca, one of Latin America's largest and oldest airlines,filed for Chapter 11 bankruptcy in May. Like other airlines, Avianca's woes were caused by coronavirus-related drops in travel demand.

The airline's flight operations have been grounded since mid-March due to the pandemic, and the company's income has fallen over 80%. In filing for bankruptcy, the airline said it hopes to continue operations as COVID-19 restrictions are gradually lifted.

Virgin Australia entered "voluntary administration," the Australian equivalent of Chapter 11 bankruptcy, on Tuesday, April 21.

Although the Brisbane-based airline had suspended most of its operations and furloughed most of its employees, it was still losing money operating about 65 daily flights.

The airline said it would continue operating during the restructuring process. It entered administration after a request for aid from the Australian government was denied.

UK regional airline Flybe entered administration — a practice similar to declaring bankruptcy — on Thursday, March 5. Although Flybe was already on the brink of collapse — despite a major investment by a Virgin Atlantic-led consortium the previous summer — the coronavirus crisis pushed it over the edge. Flybe operated about 40% of domestic flights in the UK.

Khazanah buy over Air Asia Aviation for RM1. TF will be happy to jump ship to Air Asia Digital

Nomura Global Anaylse is the only way Air Asia is going to survive their huge debt RM2.5 billion is to get a massive cash injection bail out. My view, Air Asia to be bought over by Khazanah and merge with Malaysia Airlines

When you have 7 analyst from different background and from different research house making the same SELL recommendation for sure they are bullshitters right ..hahaha...even layman like me know...look at Evergrande..share price tank because heavy debt and cannot pay bond interest. Many examples of company go bust due to cannot service debt

Given this grim financial ICU scenario, analyst say not to pay more than 90 sens for air asia

In june 17 2020, reported in the Edge by Kang Siew Li. Back then the analyst estimate Air asia cash burn rate was RM120million a month..now i estimated they have reduce the cash burn rate to RM50million a month

Nomura Global Markets Research aviation analyst Ahmad Maghfur Usman estimates that AirAsia’s cash burn is now at RM120 million a month (excluding fuel hedging losses and after payment deferrals), given that it has trimmed its fixed burn costs by 60%.

Now that Air Asia has secured a govt guarantee to obtain a loan of RM500 million loan from banker. Still, the new debt would not be enough. Combining the reported syndicated loan amount of RM1 billion, the RM500 million government loan and the rumoured private placement of RM334 million would raise less than RM1.9 billion for AirAsia, which pales in comparison to the proceeds raised by foreign airlines. In March, Singapore Airlines Ltd undertook a massive cash call to raise S$15 billion (RM45.9 billion), not only to deal with the impact of Covid-19 on its business but also to position it for growth beyond the pandemic.