Air asia is a recovery stock with airlines making a comeback onwards.

Dec 21 - PM said international travel will be back on.

good shasring reitpulse

Toll concession have yet to go live yet

Good advise @kimsua

Looks ok for Q2 2021. Q3 2021 hopefully can return a profit

get it while it is good

When AZRB will issue out their Qtr report
It is coming to oct already and nothing yet

Inari is dependent on a few american and European customers and faces the biggest risk expose to global cyclical industry when the upcoming global glut of microchips start to trigger price war among the top 3 global companies

Samsung Foundry, the world's second largest contract maker of chips, is another foundry to build a leading-edge fab in the USA The company's Project Silicon Silver manufacturing facility in Texas will cost over $17 billion and is projected to be larger when compared to TSMC's fab in Arizona. It remains to be seen which process technology SF plans to use at the fab, but one of the options is its 3 nm MBCFET-based leading-edge node. Meanwhile, it is unclear whether Samsung is seeking to build chips for the USA government agencies.

While the USA government would prefer to help local chipmakers, such as Intel or GlobalFoundries, its initiatives to assist production of chips in the country have so far gathered significant interest from Taiwan-based TSMC and South Korea-based Samsung. In any case, it looks like the plan to bring leading-edge semiconductor manufacturing back to the USA works and a $27 million planned investment is a good proof of that, depending on tax abatements throughout the process.

Hsinchu, Taiwan, R.O.C., May 15, 2020 – TSMC (TWSE: 2330, NYSE: TSM) today announced its intention to build and operate an advanced semiconductor fab in the United States with the mutual understanding and commitment to support from the U.S. federal government and the State of Arizona.

This facility, which will be built in Arizona, will utilize TSMC’s 5-nanometer technology for semiconductor wafer fabrication, have a 20,000 semiconductor wafer per month capacity, create over 1,600 high-tech professional jobs directly, and thousands of indirect jobs in the semiconductor ecosystem. Construction is planned to start in 2021 with production targeted to begin in 2024. TSMC’s total spending on this project, including capital expenditure, will be approximately US$12 billion from 2021 to 2029. This U.S. facility not only enables us to better support our customers and partners, it also gives us more opportunities to attract global talents. This project is of critical, strategic importance to a vibrant and competitive U.S. semiconductor ecosystem that enables leading U.S. companies to fabricate their cutting-edge semiconductor products within the United States and benefit from the proximity of a world-class semiconductor foundry and ecosystem.

TSMC welcomes continued strong partnership with the U.S. administration and the State of Arizona on this project. This project will require significant capital and technology investments from TSMC. The strong investment climate in the United States, and its talented workforce make this and future investments in the U.S. attractive to TSMC. U.S. adoption of forward-looking investment policies to enable a globally competitive environment for a leading edge semiconductor technology operation in the U.S. will be crucial to the success of this project. It will also give us the confidence this and other future investments by TSMC and its supply chain companies will be successful.

In the United States, TSMC currently operates a fab in Camas, Washington and design centers in both Austin, Texas and San Jose, California. The Arizona facility would be TSMC’s second manufacturing site in the United States.

Beware of semiconductor top global companies building fab capacity in USA. Intel, TSMC and Samsung that will create a glut in microchips.

AZRB is in a cyclicar sector which is mainly construction. Once their toll concession business go live, AZRB will be a defensive stock with healthy positive cash flow consistent and stable

Dialog is in a cyclical sector. Having said that their management ability and foresight to generate incremental annual revenue and positive cash flow from their tank storage terminal is very impressive. HLIB buy call is a testimony that the current share price is oversold and there will be a rebound

If an individual fails to make his monthly mortgage payments, he defaults on the loan. Similarly, if a business issues bonds and it is unable to make payments to its bondholders, the business is in default on its bonds. When deciding whether to issue a loan or invest in a debt security, lenders and investors must carefully consider the chance of default and must manage its risk.

@junichiro thanks for sharing your input. It will be interesting to see what happens to a defaulted bond?
Bond defaults happen when a company stops paying interest on a bond or does not re-pay the principal at maturity. ... If a company defaults without declaring bankruptcy first, then creditors are likely to force them into bankruptcy.

SUZHOU/SHENZHEN: At an eerily quiet construction site in eastern China' Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings.

The pair, united like legions of others by their connections to the vast China Evergrande Group, show the scale of the challenge facing the Chinese government in managing its financial woes, although economists downplay the risk of a "Lehman moment" style collapse.

Evergrande, with outstanding debts of US$305 billion, recently stopped repaying some investors and suppliers and halted building work at projects across the country, setting off global alarm bells over upcoming interest payments.

Li, who says he has not been paid since August, is doing minimal maintenance among half-finished apartment blocs whose outer shells hide rubble-filled interiors. Sand and concrete slabs cover a just-finished marble floor in one future home.

"In the past two days I’ve been planning to go to the government," he said. "What can I do? Soon I’ll have no food to eat. If I have no food to eat I’ll have to go to the government to eat.”

Xie put 380,000 yuan (US$58,770) of savings into a wealth management product sold by Evergrande and says she did not receive a payout of 30,000 yuan due to her earlier this month.

"It's all my savings. I was planning to use it for me and my partner's old age. I worked day and night saving, now it's game over," said Xie, who was told that the wealth management product that she bought would yield 7.5% a year.

"Evergrande is one of China's biggest real estate companies ... my consultant told me the product was guaranteed."

Xie still hopes to be able to redeem her investment, one of billions of yuan in wealth management products (WMPs) sold by Evergrande, but she is not satisfied with any of the options suggested so far, which include the offer of property.

Evergrande did not immediately reply to a request for comment, but chairman Hui Ka Yan told a late-night meeting on Wednesday that the top priority is to help investors redeem their products and that home deliveries should be ensured.
Protests

Angry homebuyers and retail investors launched protests in several cities in recent weeks — anathema to China's stability-obsessed ruling Communist Party.

Property accounts for 40% of assets owned by Chinese households, according to Macquarie, which means contagion from a potentially messy Evergrande collapse could reverberate beyond households and investors to suppliers and construction workers.

A crackdown on debt in the sector has ended a freewheeling era of building with borrowed money which became infamous for ghost cities and roads to nowhere.

"It is important from a social stability standpoint to make sure that Chinese retail investors get their money back and that homebuyers get their homes delivered," said Carlos Casanova, senior economist for Asia at Union Bancaire Privee.

Analysts at Capital Economics estimated that as of end-June, Evergrande still had to complete around 1.4 million properties, around 1.3 trillion yuan (US$202 billion) in pre-sale liabilities.

One woman who bought an Evergrande property in the northeastern city of Shenyang and asked not to be identified has been waiting since April 2020.

She said she is spending 3,000 yuan a month on mortgage repayments on the 600,000 yuan she has already put down but that the building site is now closed and she doubts Evergrande will make its latest delivery deadline of Dec. 30.

Meanwhile, roughly 40 billion yuan of the group's WMPs are outstanding, a sales manager at Evergrande Wealth told Reuters previously.

More than 80,000 people — including employees, their families and friends as well as owners of Evergrande properties — bought WMPs that raised more than 100 billion yuan in the past five years, the sales manager told Reuters, lured by the promise of yields approaching 12%.

Regulators summoned Evergrande's executives last month and issued a rare warning that the company needs to reduce its debt risks and prioritise stability.


- Reuters

Make Tenaga the bedrock of your portfolio

Serba ipo price RM1.50/unit...hahaha...Net asset Value RM1.05/unit

The fear of the Evergrande group’s default on repayments spreading across the globe has forced a sell-off in global markets, including India. On Wall Street, the Dow Jones tanked 1.78% on Monday while the S&P 500 fell 1.7%. While Chinese stock markets are closed for a holiday today, Hang Seng is down 3.5% since the end of last week. Similarly, Japanese equity indices Topix and Nikkei 225 are down more than 1.5% each. Evergrande, listed in Hong Kong, has dived 16.4% this week already. The stock is down 84.5% year to date.

The spill-over has also caused Dalal Street to tumble, falling nearly 1% yesterday with domestic steel stocks taking the heat. Today as well, Sensex and Nifty were under pressure, trading in the red.

@koowakzai - you are giving good advise.

On a more immediate basis, Evergrande has over $300 billion due for repayment to investors, lenders, and suppliers. “Evergrande Group’s total liability size is ~$313 billion, which is ~6.5% of the total liability of the Chinese property sector. In terms of total offshore bonds outstanding, Evergrande Group has ~$19 billion, which is equivalent to roughly 9% of the total offshore bond market and 12% of the total HY offshore bond market,” analysts at UBS wrote in a note last week. This was around the same time when China’s Ministry of Housing and Urban-Rural Development told banks that Evergrande would not be able to meet its debt obligations that started yesterday.

Even the Minister came out and declare Evergrande tak cukup duit nak bayar

Lehman filed for bankruptcy on September 15, 2008, with $639 billion in assets and $619 billion in debt with 25000 employees due to US housing bubble burst.

https://www.theedgemarkets.com/article/evergrande-woes-hit-japans-toilet-airconditioner-and-paint-manufacturers#:~:text=TOKYO%20(Sept%2021,1.70%20trillion)%20assets.

Housing bubble in China is collapsing…mark my word..like 2008 when one huge indebted corporation collapse…this is serious. Look at this week market sell off in Asian markets!!

The very serious potential fallout of such a heavily-indebted company collapsing has led some analysts to suggest that Beijing may step in to rescue it.

The EIU's Mattie Bekink thinks so: "Rather than risk disrupting supply chains and enraging homeowners, we think the government will probably find a way to ensure Evergrande's core business survives."

Others though are not sure.

In a post on China's chat app and social media platform WeChat, the influential editor-in-chief of state-backed Global Times newspaper Hu Xijin said Evergrande should not rely on a government bailout and instead needs to save itself.

This also chimes with Beijing's aim to rein in corporate debt, which means that such a high profile bailout could be seen as setting a bad example.

What does Evergrande do?
Businessman Hui Ka Yan founded Evergrande, formerly known as the Hengda Group, in 1996 in Guangzhou, southern China.

Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China.

The broader Evergrande Group now encompasses far more than just real estate development.

Its businesses range from wealth management, making electric cars and food and drink manufacturing. It even owns one of country's biggest football teams - Guangzhou FC.

Mr Hui has a personal fortune of around $10.6bn, according to Forbes.

Evergrande grew to be one of China's biggest companies by borrowing more than $300bn (£217bn).

Last year, Beijing brought in new rules to control the amount owed by big real estate developers.

The new measures led Evergrande to offer its properties at major discounts to ensure money was coming in to keep the business afloat.

Now, it is struggling to meet the interest payments on its debts.

This uncertainty has seen Evergrande's share price tumble by around 85% this year. Its bonds have also been downgraded by global credit ratings agencies.

i wish i have a spare 5k to pick up sum more...sale price due to concern with china property company

TNB too big too collapse

This week Bursa expect to go lower due to china Evergrande issues

@kong73 - i used to have klcc reit..but decided to shift to Tenaga as the dividend yield is more attractive if i were to consolidate most of portfolio within Tenaga.

@jeffchan1901 - yes thanks for the advice

@cucubud …to be honest i do not know…but i am sure the price will exceed RM11.31 sooner or later. I have discipline my mind to ignore the paper loss as it will only be realised upon selling. As long as the dividend income keeps on coming it will reduce the paper loss. This year i already got appr RM7.6k from the recent dividend from Tenaga of RM0.58 sens and expect to get RM0.22sens = RM2992. Total DI for 2021 is RM10.6k. Can look at my portfolio on i3. I often update them whenever i have transaction buying/selling via Itrade Cimb account

There are two ways to make money from owning shares of stock: dividends and capital appreciation. Dividends are cash distributions of company profits. ... Capital appreciation is the increase in the share price itself. If you sell a share to someone for $10, and the stock is later worth $11, the shareholder has made $1.

@mokluhanj21 yes i reinvested the dividends too and top up mthly as much as i could spare

@50cent - since May 2019

my average cost is 11.31 with 13600 units. I have stop buying because sadly don't have much capital to collect more too

Still cheap. 25 sens ok ooo

mr market is still offering Tenaga a discount

Remarks 1:

Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 14 Sep 2021 with bonus issue of MYEG shares, any shareholder who is entitled to receive MYEG bonus issue shares, may sell any or all of his MYEG shares arising from the bonus issue beginning the Ex-Date (13 Sep 2021).



For example, if Mr X purchases 100 MYEG shares on cum basis on 10 Sep 2021, Mr X should receive 100 shares on 14 Sep 2021. As a result of the bonus issue, an additional of 100 MYEG shares will be credited into Mr X's CDS account on the night of 14 Sep 2021 being the Book Closing Date. Therefore, Mr X can sell a total of 200 shares on or after the Ex-Date i.e. from 13 Sep 2021 onwards.




Remarks 2 :
The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 15 September 2021, being the next market day after the Entitlement Date.



The Share Registrar of MYEG will issue and despatch the notices of allotment of the Bonus Shares to all entitled shareholders of MYEG not later than 4 market days after the date of the listing and quotation of the Bonus Shares on the Main Market of Bursa Securities.

did AZRB manage to get RM23.8 million and RM5million that they are claiming. Anyone has any info?

UEM Edgenta Bhd's subsidiary Edgenta Propel Bhd (EPB) is being sued for allegedly failing to complete an RM87.0m sub-contract under the Klang Valley Mass Rapid Transit's Putrajaya Line (MRT2) project. The suit was filed in the High Court by Ahmad Zaki Resources Bhd's unit, Ahmad Zaki Sdn Bhd (AZSB), which had awarded the sub-contract to EPB in 2016. AZSB is seeking RM23.8m in liquidated and ascertained damages and about RM5.0m in consequential damages. (The Edge)

Source: Mplus Research - 16 Apr 2021

good input

Congratulations on getting the dividend. you all deserve it

Malaysia moving to endemic phase in Oct which means more testing. Myeg sole distributor of breathe analyser covid test suitable to be deployed in govt and large events including holiday spots

NAV only 24 sen/unit. Current price 12.5sen/unit..murah bai

shareholders interest matters too

stay invested folks with Myeg. After bonus issue price will be more action

CTOS suucckss