Sold at 0.90. Grateful for the profits. Can't be too greedy while waiting for the next opportunity. Thank you Pak Tua for the tips. Where did rr88 disappear to?
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years. https://theedgemalaysia.com/node/689104
[RANHILL] Notice of Person Ceasing of Substantial Shareholders - CHEVAL INFRASTRUCTURE FUND L.P. (ACTING VIA ITS GENERAL PARTNER, TAEL MANAGEMENT CO. (CAYMAN) LTD) on 08-Nov-2023 Stock [RANHILL]: RANHILL UTILITIES BERHAD Announcement Date 08-Nov-2023 Director's Particular: Name CHEVAL INFRASTRUCTURE FUND L.P. (ACTING VIA ITS GENERAL PARTNER, TAEL MANAGEMENT CO. (CAYMAN) LTD) Details of Changes: Currency - Date of Change Type Number of Shares 01-Nov-2023 Disposed 243,329,346 Registered Name Nature of Interest Nature Interest Direct Interest Shares Ordinary Shares Reason Disposal of 243,329,346 shares.
All the water utility companies shooting up in price due to likely government plan to adjust upward our water supply rates. Some water supply rates in some states, have not been adjusted for many donkey years.
RHB raises Ranhill target price to RM1.09 on undemanding valuation
KUALA LUMPUR (Nov 9): RHB Research has kept its 'buy' call for Ranhill Utilities Bhd and raised its target price to RM1.09 from 72 sen previously, as Ranhill’s valuation remains undemanding.
The research house’s optimism is also driven by Ranhill’s growth prospects given its defensive nature, as it is involved in water and power segments.
“We expect Ranhill Utilities’ 3QFY2023 [for the financial year ended September 30, 2023] core profit to grow by 15-25% year-on-year (y-o-y) to a range of RM10.7 million - RM11.7 million. The estimated growth largely stems from the hike in non-domestic water tariffs in Johor which took effect from January, coupled with higher progress billings of its engineering services jobs,” said RHB Research in a note on Thursday.
A near-term catalyst is the possibility of Ranhill being shortlisted as a solar power producer via the remaining 263.6 megawatt (MW) of solar power capacity under the Corporate Green Power Programme (CGPP), the research outfit added.
RHB Research has maintained its earnings forecast for Ranhill for the financial year ending Dec 31, 2023 (FY2023), but increased its net profit projection for FY2024 and FY2025 by 2% and 3% to account for higher forecasted water consumption.
Hence, it is now anticipating Ranhill to deliver an annual net profit of RM46 million in FY2023 — which is less than half of RM97 million achieved in FY2022 — before generating earnings of RM48 million for FY2024 and RM54 million for FY2025.
It should be noted that Ranhill’s subsidiary RanhillSAJ Sdn Bhd recognised RM142.3 million non-revenue water reduction incentives in FY2022. Meanwhile, Ranhill also made full-year earnings recognition from Ranhill Bersekutu Sdn Bhd and Ranhill Worley Sdn Bhd following the completion of their acquisitions in the third quarter of 2021, its previous bourse filing showed.
Going forward, the research outfit also expects water consumption from industrial, commercial and residential properties to rise in the years ahead as Johor's property is backed by Johor Bahru-Singapore Rapid Transit System Link project and the plans expediting the progress of the Johor-Singapore Special Economic Zone.
On top of that, it said a proposal submitted to the cabinet on a mechanism that eliminates ministerial approval for tariff adjustments may allow water tariffs — including domestic ones — to be managed by water supply operators, which seem to benefit Ranhill.
According to RHB Research, another catalyst is the entry of YTL Power International Bhd as Ranhill’s substantial shareholder at 18.9%), given YTL Power's experience in water treatment and power generation, which Ranhill is also involved in.
“Moreover, YTL Power’s plan to venture into data centres in Johor could spur water demand for data centre cooling systems, in our view. In general, 1MW of data centre capacity may require circa 25,500 cu m [cubic metre] of water per year. As such, a main potential beneficiary would be RanhillSAJ, the sole and exclusive provider of source-to-tap water supply in Johor,” it added.
Ranhill's share price surged 54% or 31.5 sen this month so far to 89.5 sen, its highest in more than three years, following the emergence of YTL Power as its substantial shareholder on Nov 1.
Year to date, the stock has almost doubled from 45.5 sen on Dec 30, 2022.
Never mind what price it close. This Ranhill can keep for long term. As long as EAGLE77 do not come here to SLAUGHTER-SLAUGHTER with the photos of parang and drops of blood is peaceful enough.
If people planning to force aquisition of other bright future company , do they need to use load speaker to inform publicly , not right ! Instead they will swallow up all the tickets at open market ! I think YTL now has more than 30% stake already ! Wait n see !
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,071 posts
Posted by speakup > 2023-11-07 09:35 | Report Abuse
Super high volume mean still got fuel to up!