Air asia share price close lower again. Caveat emptor

Properity tax may have an impact on reducing dividend in 2022..better introduce gst laaa

So many unhappy “customers”

It is a scam. You ticket money will go to fund air asia startups

Not enough seat sold will lead to flight cancellation at the last minute and your ticket purchase will not be refunded but given credit instead.

The economic planning body is considering capping the price at which miners can sell thermal coal to alleviate pressure on power producers. China is also urging miners to deliver about an additional 100 million tons of the fuel by the end of the year to help meet winter demand.

Yes good news coal spot prices are in a freefall as china regulate the coal price

FGV is mving north gents 1.53

To be profitable their passenger load needs to be more than 80% per flight. Having 113 weekly flights counts for nothing if the passenger yield is low

Listen to the analyst - dun pay for overprice non performing company

Air asia been loss making since 2019 before covid. Good luck those who want to overpay for air asia shares

Air asia people think it is recovery and will be profitable but think again. They are just kicking the can down tje road. They have been loss making before pre covid in 2019

Loan secure pun mana cukup RM1billion.. singapore airline secure more than RM49 billion funding to help them recover

Can buy but dun overpay. Listen to the analyst they are aviation analyst expert that are expert in the aviation industry and know air asia very well

Just be cautoned do not be taken for a ride by pump and dump operator that claim Air Asia will be in the money when travel is open. Airline is a tough business..cost of fuel jet also all time high so that would mean the passenger load needs to be very high above 80%

@hanna

highly recommend to read analyst report. I3 have a link
https://klse.i3investor.com/servlets/ptg/5099.jsp

If sime plantation is valued at 4.50/unit and above..FGV seems very very undervalued at current 1.45/unit

Listen to the analyst…Dun overpay more than 0.90sens…dun catch a falling knife

Dun worry - with new high cpo price - it is worth more than 2.50/unit

With this offshore wind farm acquisition, TENAGA will be operating close to 450W of RE investments in the UK.


Source: Kenanga Research - 21 Oct 2021

Nice Vantage RE building a nice portfolio of RE plants. Solar Power and Wind Farm in UK and Europe

@axelrod is a tough negotiator in Billions!

@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