From RHB:-

Good year for downstream. Management indicated that the downstream segment’s performance has improved with very positive margins in FY21, on the back of higher prices as well as trading profits made during the year. However, its utilisation rate dropped to 80% from 90% in 2020, as focus was tilted more towards the upstream side – given SOP’s sensitivity to CPO prices.

FY21 unit cost was at MYR1,600/tonne, which was flattish YoY. This was likely due to lower fertiliser application and higher PK credits. Due to the labour shortage, management only applied 75% of its fertiliser requirements for FY21. Management anticipates that unit costs will be flattish YoY in FY22 despite rising fertiliser costs, as it is able to utilise some of the carriedforward FY21 fertilisers this year. SOP has contracted fertiliser prices for its 1H requirements, at 40-50% higher. We are more conservative, and have imputed a 10-15% YoY increase in unit costs in FY22.

Good stratergy from SOP

Wow...malaysia (will benefit from oil and palm oil) and australia

Bloomberg app · Installed
Here Are the Asian Stocks Most Affected by the Ukraine Turmoil - Bloomberg.com

Wow...malaysia (will benefit from oil and palm oil) and australia

Bloomberg app · Installed
Here Are the Asian Stocks Most Affected by the Ukraine Turmoil - Bloomberg.com

From Q4 Presentation Slides

What Is Ahead For FY2022

•Sale of 3 ice-class OSVs for USD44.5m. DONE
•Armada Claire to be monetised.
•Complete construction of A98/2 FPSO.
•Refinancing of USD corporate term loan.
•New FPSO bidding opportunities with an O&G supermajor and/or existing charterer.
•Announcement of BAB’s integrated ESG strategy.

Div in may

Hit by produxtion cost

2021 debt reduced. The pbt changes from sensitity analysis will narrow as well

In 2019, SOP introduced an in-house “555 Target” with the goal to achieve 5t/ha (FY20: 3.3t/ha) of palm oil in 5 years with MYR5b in market capitalization. The ambitious target is aimed at sweating its assets by achieving optimum FFB yield and OER via best management practices to minimise the impact on the planet.

I go for 8. Early achievement from "555" set by SOP management

Sukuk 1.5B. The remaining are TLs. The effect may not big. Assuming the rate will up progressively towards the end of 2023.

If you read 2020 AR. SOP short about 30% labor. They key thing is not about shortage. But the number of labor less than previous FY. However, they still manage to keep up the output. Simply bcos they acquired havesting machanism to overcome the shortage issue. I expect earnings surprise for Q4.

LONDON (Reuters) – OPEC+ will work to integrate Iran into its oil supply-limiting accord should agreement be reached on reviving its nuclear deal with world powers, sources close to the group said, seeking to avoid market share competition that could hit prices.

60

Another 10 by end of this month

SOP will break historical high

Congraz.

https://www.telecomlead.com/telecom-chips/smic-plans-5-bn-capex-to-expand-existing-fabs-and-roll-out-three-new-103403

SMIC said the Capex is expected to be about $5.0 billion in order to expand the existing fabs and roll out of the three new projects.

Congraz

Congraz

https://www.malaymail.com/news/malaysia/2022/02/08/recovery-council-moots-for-malaysias-borders-to-reopen-sans-mandatory-quara/2040186

https://www.enquest.com/media/press-releases/article/operations-update-12

Analysts report : indo policy will hurt high cpo
INDO POLICY: WILL HAVE SUSTAINABLE CPO PRICE

WHICH ONE WE SEE THEN WHERE WE GO

Can smell good dividends otw

The only malasysia stock for commodity play i.e. oil

Armada is one of the 10 stocks of edge singapore 2022 global portfolio

OPEC+ Agrees on Another Gradual Oil-Output Hike for March https://www.bloomberg.com/news/articles/2022-02-02/opec-agrees-on-another-gradual-oil-production-hike-for-march

KUALA LUMPUR (Jan 19): Bumi Armada Bhd is planning to sell four overseas subsidiaries for a total cash consideration of US$44.5 million (RM186.6 million), as part of its plan to exit the offshore marine services business.

The subsidiaries — Bumi Armada Marine Uray Pte Ltd (BAMU), Bumi Armada Marine Pokachi Ltd (BAMP), Bumi Armada Marine Naryan Mar Pte Ltd (BAMN) and Bumi Armada Marine LLC (BAM) — are being sold to AC Management and KN Holdings, both units of PJSC Lukoil, Bumi Armada's bourse filing showed.

The proposed disposals are expected to result in a disposal loss of approximately RM25 million.

Nevertheless, Bumi Armada said the transactions would generate cash inflow to enable the group to repay and reduce its corporate debt, and allow it to redeploy and focus its resources on its core activities. It plans to use US$38 million of the proceeds to trim its debt, and set aside US$6.5 million for working capital.

It inked the sale and purchase agreement for the disposals on Wednesday (Jan 19).

BAMU, BAMP and BAMN are principally involved in ship owning, chartering and managing ships and vessels. They also provide marine support and other services to offshore oil and gas (O&G) companies.

Other than BAM — which is only involved in providing marine support and other services to O&G companies — the remaining three companies own Bumi Uray, Bumi Pokachi and Bumi Naryan vessels, which have been working for LUKOIL-Nizhnevolzhskneft Ltd Liability Co (LUKOIL NVN) in the Caspian Sea, Russia since 2016 under three charter party contracts.

BAMU, BAMP and BAMN were incorporated in Singapore, while BAM was set up in Russia. The four subsidiaries recorded a combined loss after taxation of RM56.6 million for the nine months ended Sept 30, 2021, and have combined net assets (including capital contribution) of RM219.9 million.

The disposals are expected to be completed by the first quarter of this year.

Bumi Armada's share price closed up one sen or 1.92% to 53 sen, bringing the group a market capitalisation of RM3.13 billion.

Patami =150m to 160m

QoQ 106% 114% 123% fpr ffb cpo and pk respectively. Better dividend prospect ahead

Insider. You have raised up some good points as well.

Here to share infomative analysis not otherwise ya.

They are back by Pharmaceutical and their number of stores are huge enough to leverage on the lock down effect where most of the peoples can easily access to. While other convenience shop like my news most of their stores targeted wos staffs.
There are many things affect 7 11 and mynews be it positively and negatively. You want me to elaborate more? Are you in this industry?

Ok insider. Mynews is bad for you

Miao. The advertisement from new stores only hire local peoples

Which state hit the most frok q3 lock dkwn ah

Mynews has the most store in klang valley.

Mynews only hire malaysian now.

Worst ? Qoq is growing. Lock down in KV until when ah?

Kelington chief executive officer Ir Raymond Gan said the company has significantly benefitted from the robust growth of the semiconductor industry in 2021 as global players accelerate their capacity expansion plans to meet the strong rise in demand for semiconductor chips.

"The UHP equipment for this project will be fabricated and supplied by the company's wholly-owned indirect subsidiary, KE System Integration (Chuzhou) Co Ltd in China.

"This demonstrates that our in-house fabricated equipment is recognised and certified for use in an advanced wafer production facility.

"We believe this will elevate our value chain in the industry as well as our profitability moving forward.

"Notably, as Singapore is one of the most attractive destinations for technological investments globally, our Singapore operations have been one of the key contributors in terms of project flows over the past several months," he said in a statement today.

On top of this RM110 million contract win, Kelington has also secured several other UHP contracts in Singapore totalling RM66.3 million over the past few weeks alone.

This brings the total value of new contracts secured in recent weeks to RM176.3 million.

These contracts are for works to be undertaken for different end customers at some of the most advanced semiconductor facilities in Singapore, it said.

Kelington said the cumulative value of new contracts clinched this year has reached an all-time high of RM1.184 billion, lifting the company's current outstanding orderbook to RM1.225 billion.

Gan said looking ahead, the company remained optimistic on its prospects, underpinned by its robust project pipeline across operating markets in Malaysia, Singapore and China.

"Our tender activities also continue to remain active and by leveraging on our strong market position, we are well-poised to capture more business opportunities.

"Not resting on our laurels, we will continue stepping up our efforts to secure more projects in the coming months while delivering high-quality output to our customers in a timely manner," he added.

PROSPECTS MYNEWS

The Group experienced an improvement in October when the government began to relax the restrictions. In addition to the improvement in in-store sales, the Group managed to increase the number of CU stores from five (5) as at 1 Oct to twenty one (21) as at 31 Oct. There are seven (7) myNEWS SUPERVALUE stores as at 31 October. The utilisation rate of the FPC also increased concurrently with the improving retail sales. The Group will continue to:
1. Grow the number of CU stores steadily;
2. Grow the number of myNEWS SUPERVALUE and myNEWS CVS stores; and
3. Expand the omnichannel sales by working closely with strong partners to deliver on demand seamlessly.

The Group is hopeful for a continuing business improvement barring any disruption from any unforeseen circumstances especially the new wave of Covid-19. With the strong measures already put in place as a result of the Group’s re-positioning initiatives, we look forward to be back on track to regain our lost business and continue to improve thereafter.

Sarawak Oil Palms (SOP MK)

ESG: Building a sustainable future

Relatively good ESG credentials

We assess SOP’s overall ESG risk factors to be medium as its ESG credentials appear to be relatively good, with transparent and detailed sustainability disclosures. Its geographical exposure to just Sarawak also helps limit SOP’s ESG risks relative to peers. Maintain BUY with unchanged TP of MYR5.60 on 13x FY22 PER peg, its 5Y mean. With net gearing at just 3% (end Sept 21), 8x FY22E PER and an unadjusted EV/ha of MYR25,000 (below replacement cost), SOP is undervalued.

Zero burning and NDPE commitments at its core

Although SOP is not yet a RSPO member, it has good and sustainable practices with zero burning and No Deforestation, No Peat and No Exploitation (NDPE) commitments at its core. SOP is 100% MSPO certified since 2019. And 6 of its 7 palm oil mills are also International Sustainability & Carbon Certification certified since 2017. To reduce GHG emissions, SOP plans to install methane capture facilities for all 7 palm oil mills (presently just 1 installed), but has not yet specified an execution timeline.

Eradicating poverty & raising socioeconomic status

SOP started as a JV between the Commonwealth Development Corporation (CDC) and the Sarawak State government in 1968 to pioneer the commercial planting of oil palms in Sarawak with an initial land area of ~4,600 ha. The aim was to eradicate poverty among local communities and to-date, the socioeconomic status of the local communities has improved remarkably. In addition to windfall and corporate taxes paid to the Federal government, SOP has also contributed over MYR300m (by our estimate) in Sarawak sales taxes since 2010 that has helped the state government with its community development programmes.

Targets to minimise impact on planet by lifting yields In 2019, SOP introduced an in-house “555 Target” with the goal to achieve 5t/ha (FY20: 3.3t/ha) of palm oil in 5 years with MYR5b in market capitalization. The ambitious target is aimed at sweating its assets by achieving optimum FFB yield and OER via best management practices to minimise the impact on the planet.

Skyworks Solutions (NASDAQ:SWKS) and Broadcom (NASDAQ:AVGO) are being defended at Bank of America after it was reported that Apple (NASDAQ:AAPL) is looking to build wireless chips in-house, news that sent shares of both semiconductor companies sharply lower.
Analyst Vivek Arya, who rates Broadcom (AVGO) buy with a $750 price target and Skyworks (SWKS) neutral with a $190 price target, notes that both companies have significant exposure to Apple (AAPL), with 20% for Broadcom and 59% for Skyworks, but industry checks suggest the impact is "overblown in the near to medium term." Apple's hiring could be for its plans to develop its own 5G modem, which would hurt Qualcomm (NASDAQ:QCOM) and not Broadcom or Skyworks.
Skyworks (SWKS) fell more than 8% to close at $146.39 on Thursday and are down another 1% on Friday. Broadcom declined 3% to close at $620.68 and are slightly lower on Friday.
Arya notes that Broadcom (AVGO) has a $15 billion contract with Apple (AAPL) that runs through 2023 and all RF design is not "created equal." He adds that RF design is a "very broad capability," which requires experience for a wide variety of use cases in smartphones, including the transceiver, which Arya believes the report was talking about.
Apple (AAPL) purchases RF-front parts from Broadcom (AVGO), Skyworks (SWKS), Qorvo (NASDAQ:QRVO) and Qualcomm (QCOM), including amplifiers, filters and switches and "we have heard of no plans for Apple to insource these parts that require very specific recipes, intellectual property and specialty materials/fabs," the analyst added.
Apple (AAPL) also gets the Wi-Fi and Bluetooth chips from Broadcom (AVGO) and the RF front-end from Skyworks and the analyst said to his knowledge, "there are no plans for Apple to insource these currently," though he admitted that the low-end Apple Watch uses some of Apple's own silicon for this.
On Thursday, Goldman Sachs said Apple (AAPL) iPhone supply was getting better, becoming more in-line with demand.

https://seekingalpha.com/symbol/AVGO?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews

Braodcom only outsouce 30% to inari remain with other osat

Meno. I guess you dont really understand what role in osat

CIMB report shows that YTD (1st week of Dec). Foreign institutional has net buy of RM1.2B of inari share. From low price to high price.

Pls also include the option to extend the contracts