Since Guan Chong is on the manufacturing (downstream) side, do you guys think the margins will be affected by rising cocoa input prices? Or do you think the cost can be easily pass down to the consumers?
PNB through all of its funds hold altogether ~40% of the company's share. If it goes down the PN17 route, that is one hell of impairment they have to take for their funds, especially the flagship ASB (which I think they don't have the stomach given assets/gains are quite stretch).
I think Sapura is too big too fail (not in terms of market cap, but rather the chain effect to the society should it fail), may end up government has to do the rescue tho (what else is new).
Yo peeps, newbie here. Just wanna check, with rising coal prices (which is somewhat contribute to China Energy Crunch), how will this affect power generation co like TNB (which is still high on coal power generation). The ICPT will allow them to recoup the higher cost from KWIE fund right, hence impact is Neutral?
China crackdown seems to be affecting mostly the offshore companies (H-Shares, ADRs), while this ETF seems to only invest in onshore companies (A-Shares). A good place to hide (from regulatory crackdown issue)?
Just sharing, Nomura just increased the TP to RM0.49
Outlook remains positive While one may argue that volumes could be weaker q-q in the next quarter, we gather that the trend remains resilient on a y-y basis as consumers adapt to new shopping behaviors, according to recent statistics, which have seen an improvement over the recent months. We expect contributions from associates to also see improved performance as economies open. Management guided that the increase in volumes in the near term will not be high (without providing numbers) given capacity constraints. We are pencilling in a 15% increase in volumes, but the rate increase could remain sustainable at ~7% from pre-COVID levels. Management will continue to optimize space, but a meaningful expansion is very much needed. We have pencilled in sizeable capex for FY22F onwards for this expansion, which would double capacity by FY24F.