Lawman thank you for sharing your experience.
the founder's age is also my main concern about buying into LPI & Public bank. they may be taken over by other shareholders which can't manage well.
Fire insurance can be extremely price sensitive, as we move into digital age. they could be bundled into Grab's / Lazada's online packages. LPI benefit currently from gov's ignorance, but don't think the situation will remain for long. Everyone eyeing the fat pie

I dislike also about LPI's focus on fire. If they have more diversified like life insurance, hospitalization, etc. At least they can buffer for shocks

Lawman thank you for the good article on fire insurance.
the problem here is that LPI's fire insurance price is much higher than Great eastern. Public bank bundle LPI fire insurance into their mortgage and force borrowers to buy it at about 50% more expensive than market rate.
If bank negara allow borrowers to freely choose their fire insurer, then LPI could suffer?

Most of LPI profit comes from Fire insurance. Do you think this model is sustainable?
because their fire insurance is bundled with public bank mortgage, and sell at high mark up. If government start to regulate them, will LPI profit fall drastically?

dont worry, they wont pull out. Japan invade malaysia during ww2 for resources, now they can legally own a share of the economy via aeon. why would they exit?

Bunker = RM 6 b (i made a mistake earlier)
Bunker Net profit = 2% X 6b = 120m
Impact on Petgas Net profit = 120m/2b = 6% (not much)

Let's observe if transhipment can do well. Probably that's better because the volume is much higher

Petgas may partner Dialog, and use Pengerang for transhipment
https://www.hydrocarbonengineering.com/gas-processing/26112014/malaysia-boosting-domestic-gas-1691/

LNG trans-shipment: This is a highly likely option. While PLNG-2 is only providing regasification services for now, Petronas Gas stated that the joint venture could also offer such services to ‘other potential third party customers’.

you're right. the bunkering is not transshipment. So Petgas only pump fuel for the ships
the market will grow in 10X by 2027. The Sino US clash will result in more China ships choosing to bunker with Petgas, as China try to build up it's own non-US supply chain.

If Petgas really dominate the LNG bunkering market in Straits of melaka, then it's a huge deal. 30% of ships in the world pass through the strait.

https://www.alliedmarketresearch.com/lng-bunkering-market
Global LNG bunkering market size was valued at $0.38 billion in 2019, and is projected to reach $5.14 billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027. LNG bunkering is the process of transferring LNG to a ship for its own consumption. The advantages of using LNG as a marine fuel in the shipping industry include less shipping emissions, lower operating & shipment costs, safety, non-toxic, and others. Stringent environmental regulation toward pollution caused by ship transportation is expected to be the primary growth factor in the LNG bunkering market

the trade war between US & China should benefit Petgas, because China will need to buy via a US friendly agent. Petronas should get the deal, and the market size is huge.

obs, it's estimated to be RM 2billion. let's see if Petgas get any share from these, in the upcoming quarters
https://www.devdiscourse.com/article/headlines/1302844-malaysia-starts-lng-bunkering-operations-makes-first-delivery

Anyone knows how many new stores Aeon can open in future? currently only 24 stores, can they easily add another 10 stores?

Do you have any idea on this?
I think this will be extremely profitable, because Petgas can do tranship for Qatar gas to China ships.
I guess this big fat pie was originally owned by singapore. but now China allow malaysia to share the pie.

obs, Petgas has added a new service

LNG Bunkering Vessel (LBV) service, which allows for ship-to-ship LNG transfer to the LBV as well as LNG break-bulking and reloading for smaller LNG vessels.

https://www.thestar.com.my/business/business-news/2020/11/20/sterling-results-by-petronas-gas

i like aggressive collectors to protect my interest

gongkia, does aeoncr send debt collector to people's home?

for Allianz ICPS, is it equal to common stock, but have 20% dividend?
Usually for preferred share, the dividend is fixed. How does it set the 20% extra compared to common stock? thanks

Do Petgas benefit from export?
Example, to pipe gas from offshore gas field & then liquefy to sell to China

obs, very detailed research. Do you have any idea where Malaysia will install those solar panels? Don't think roof top is enough to generate enough energy for factory.
No wonder so many large solar companies invest in Penang

there are Jinko solar at bayan lepas, and Risen in Kulim
https://ir.jinkosolar.com/news-releases/news-release-details/jinkosolar-plans-build-cell-module-manufacturing-facility-penang
https://www.nst.com.my/business/2021/06/701876/chinas-risen-energy-picks-malaysia-first-southeast-asian-mega-plant-invest

Is Allianz kind of protected under any Malaysia EU free trade agreement?

wsb, thanks for sharing. for 70% cap on foreign ownership, this has been a very long issue scaring away MNC. But I think Najib has scrapped it.
Many local owned companies are 100% sold for foreigners, like Sepang Aircraft maintenance is sold 100% to Airbus. Proton sold 50% to Geely.

Looks like that 70% is no longer enforced?

Nestle & Carls high price probably caused by money printing in EU. they print too much money, so those funds get 0% loans to buy Carls at 2% yield. Wait for Fed to raise rate, and hopefully these consumer stock will have a more friendly price. I hope to buy some of these

If you follow the investment amount declared by MITI, the amount of investment into Malaysia is insane. It runs into hundreds of billion USD, that's the largest amount probably in human history. All these injections aim to drive energy intensive industry like semicon, chemical plants, iron smelter, etc. Those will drive Petgas volume, as I think Petgas supply gas to the power plants.

obs, for preference share. I see that Sunway Pref pays about 5.5% dividend. that's not impressive, because the FD rate in bank is already about 3.5% in normal times. And the dividend yield of strong company like Petgas is close to Pref share. Do you know any solid companies paying higher rate?

Some will play tricks like banning roadshows, or block university recruitment fair to stop MNC from competing direct with local insurers

obs, thanks for intro me to this company. Do you have any info to show the market share of Allianz VS other big players?
Is there any law to protect Allianz from unfavourable law that may kick out these MNC, in favour of local insurers like Etiqa?

PetChem has large joint venture with BASF in Kuantan & Pengerang. So I guess they will do very well in long term.
Looks like Malaysia will become the next booming economy, as many MNC are forced out of China due to trade war

obs, apart from Petgas, do you buy any other similar companies with stable dividend?

obs, is it right to say among the 3 listed Petronas group of company, Petgas is the best in term of stable dividend?
Dagang & Chem seems to have unstable earning growth over past 10 years. thanks

I am buying Petgas for stable dividend. So I don't have to collect card boards when I old.

Thanks obs. Do you foresee that Petgas can increase it's earning by average of 3% per year to counter inflation?
The EC should approve tariff hike at least to cover inflation right?

observatory, thank you for sharing. Am i right to say, no matter how they adjust the rates, it has to return around 5% yield to shareholder? Else EPF can't pay out decent dividends to retirees

Please ignore about the climate thing. Wind & solar can't replace gas so quickly. Battery will get very expensive, if there's spike in energy storage demand. So gas is still important electric generator

observatory, any idea why the share price is so high in 2013, but drop so low recently?

Why the past 10 year data here only show up to 2015?
https://klse.i3investor.com/servlets/stk/fin/2089.jsp?type=last10fy

For plantation stock, which company pay highest dividend?

Does high crude price impact Petgas? it's doing gas transport & processing

are your jobs affected by lockdown? seems like many european, china & US companies are coming in to setup production line. so if this goes well, genM & banks should benefit

Will there be dividend announcement in AGM?

this year mid year no dividend? last year June got 5 cents dividend

mmatede is Shell & exxon competing directly with Pchem? What advantage does Pchem has over them?

Anyone know why the dividend was 2.5% for the past 10 years?
but recently keep increasing to over 5%

meow