On 25th Oct 2024 announced: JF Technology Berhad (JF Tech) is seeking shareholder approval to renew its authorization to buy back up to 10% of its issued shares. This buy-back, if approved, enables the company to repurchase shares from the open market, either to cancel them or hold them as treasury shares for potential resale, dividend distribution, or other uses permitted under Malaysian law.

Anyone has update on JFTECH ; today up +5.04%

21st Oct 2024 -CelcomDigi’s MY5G CEO series brought together over 150 CEOs from 25 industries to discuss 5G and AI-driven opportunities. Key global partners like Vale, McKinsey & Co, and ZTE highlighted best practices, emphasizing how 5G and AI can enhance operations in sectors like oil and gas, ports, and manufacturing. Notable use cases included autonomous port management and improved production efficiency. CelcomDigi stressed the importance of partnerships and collaboration to accelerate digital transformation, encouraging businesses to explore how 5G can improve their processes and enhance growth.

Texchem Resources Bhd has redesignated its executive director Dr Yuma Konishi as the group chief executive officer following the retirement of Yap Kee Keong from the post.

SIME disclosed that its unit Prime Rentals was deregistered on July 3 after a voluntary deregistration application was submitted to the Australian Securities & Investments Commission on April 30, a Wednesday Malaysian bourse filing disclosed.

The deregistration will not materially affect the company earnings or net assets for the financial year ending June 30, 2025, the Malaysian conglomerate said.

Any one has idea why Ambank share has jumped 3.79% today?

@Isaac7- The Teh family’s decision to reduce their stake in Public Bank is largely driven by the need to comply with the Financial Services Act of 2013, which limits individual ownership in a financial institution to 10%. Tan Sri Teh Hong Piow was allowed to hold more than 10% due to an exemption granted under a "grandfather rule," but after his passing, the family has opted to gradually reduce their stake to comply with this regulation

@Azra'ee Mamat - Thanks alot for your input

@GregBursa - This doesn't seem like an ideal buying opportunity for me, as most of the target prices have already been reached. Only BIMB remains at 3.95, which doesn't offer much potential for uptrend. Additionally, the volume and buying momentum have decreased, suggesting a sideways or downward trend in the near term, before any potential upward movement.

@zying - Historically, it get 4-5.5% correction every dividend and rebound. By saying that, it may reverse from 10.50 or 10.30.

Any expert opinion ? What is holding CDB down that cant fly with million's acquisition by EPF since Mar 2024?

MISC has a target price of RM10.30 from BIMB, and it appears to be reversing from a strong support level at RM7.90/8. This upward movement looks promising. I would value your expert insight on this.

Announced Date Change Type Shares Name
11 Sep 2024 06 Sep 2024 Acquired 5,503,000 EMPLOYEES PROVIDENT FUND BOARD
11 Sep 2024 06 Sep 2024 Acquired 4,800,000 EMPLOYEES PROVIDENT FUND BOARD

@iscmob - Thanks for sharing

Hello, sime is still dropping even though market is rebounding , is there any other issue beside divided adjustment? How much more do you think it may go down

@UnicornP - Your comments is about JCY INTERNATIONAL BERHAD not TEXCHEM. Texchem Resources Bhd, dated July 25, 2024. It outlines the company's financial performance for the second quarter and first half of the fiscal year 2024 (2QFY24 and 1HFY24), ending June 30, 2024. Here are the key highlights:

Revenue Growth: Texchem reported a 12.1% year-on-year (YoY) increase in revenue for 1HFY24, reaching RM570.4 million. For 2QFY24, the revenue rose by 22.6% YoY to RM294.7 million.

Profit Performance: The company returned to profitability with a net profit of RM1.0 million in 2QFY24, compared to a net loss of RM6.3 million in the same period last year. For 1HFY24, the net loss narrowed to RM0.4 million from RM6.5 million in 1HFY23.

Divisional Performance:

Industrial Division: This division experienced a 25.5% YoY increase in revenue, reaching RM134.7 million.
Polymer Engineering Division: The revenue jumped by 35.2% YoY to RM56.9 million, driven by recovery in sectors such as semiconductors, hard disk drives, and medical life sciences.
Food and Restaurant Divisions: These divisions also saw revenue growth, with the Food Division increasing by 17.3% YoY to RM32.5 million and the Restaurant Division rising by 10.6% YoY to RM69.6 million.
Challenges and Future Outlook: While the Food and Restaurant Divisions continue to face a challenging business environment, initiatives in the Restaurant Division are starting to yield positive results. The company is optimistic about maintaining the momentum in its core divisions, particularly in Polymer Engineering with strategic projects contributing positively.

This situation does not involve a typical acquisition but rather a specific type of corporate action known as a **debt settlement through the issuance of new shares**. Here’s a breakdown:

1. **Corporate Proposal**: PRG Holdings Berhad issued new shares to settle a debt owed to Dato' Lua Choon Hann, the Group Executive Vice Chairman.

2. **Issuance of New Shares**: 30,333,600 new ordinary shares were issued at a price of RM0.2137 per share. This price was agreed upon as part of the debt settlement agreement.

3. **Market Price vs. Issued Price**: The current market price of the shares is RM0.13, which is lower than the RM0.2137 price at which the new shares were issued. The higher issuance price likely reflects the terms agreed upon between the company and Dato' Lua, possibly based on factors like previous market prices, valuation, or the negotiation specifics.

4. **Why Not Buy from Market?**: The reason for issuing new shares at RM0.2137 instead of buying at the market price of RM0.13 is because this transaction is part of a negotiated debt settlement, not an open market purchase. The company is satisfying a debt obligation by issuing shares directly to the creditor (Dato' Lua), and the price of RM0.2137 was likely agreed upon during the debt settlement negotiations.

In summary, this isn't an acquisition but a debt repayment strategy where the company issued new shares at a pre-agreed price to settle its debt. The difference between the issue price and the market price reflects the terms of that specific agreement.

Stock started to revers, banker money in... next RL 1.10 💰🚀

Anyone knows why Dato Keng Onn Lai (Founder), disposed 34mill shared on the same date of MOU announcement. It ist good sign!!

Anyone has info why ABMB falling so much compare to other banks and Financial sector

Mar 03
Dividend increased to RM0.15
Dividend of RM0.15 is 3.1% higher than last year.
Ex-date: 14th March 2024
Payment date: 27th March 2024

Why are the stock prices still declining despite KWAP and EPF's continuous purchases? 5.18 should hold

@boonwei98- Thank You 👍

@BursaVulture . Thanks👍

Does anyone know of platform/site to check individual stock dividends history ?

@laikhengtang- Thank you

Does anyone know of platform/site to check individual stock dividends?

Does anyone know of an alternative platform to check individual stock dividends? I've been relying on dividends.my, but since yesterday, it hasn't been displaying dividend information for specific stocks.

When deciding whether to sell your investments after a gain or stay invested, consider your risk tolerance, market conditions, and long-term goals. If you're risk-averse or you've met your goals, it might be wise to secure your gains. If you believe in the market's potential and have a longer-term perspective, you might choose to remain invested. Always consider diversification to manage risk.

@furball, One lesson I've learned from the market and investing is that if the money you've invested is causing you sleepless nights, it's better to secure your gains and place them in a fixed deposit. Essentially, you should only invest money that you can afford to lose.

Positive and negative points from the article on the forecast for Malaysian firms in 2024:

**Positive Points:**
1. **Earnings Growth**: Corporate Malaysia is expected to see an uptick in earnings, with analysts predicting a strong finish for the FBM KLCI in 2023 and further growth in 2024.
2. **Forward Earnings Targets**: Maybank IB Research sets an optimistic end-2024 FBM KLCI target at 1,610 points, based on 13.5 times forward earnings.
3. **Improving Core Earnings**: The ratio of earnings misses-to-beats has improved, indicating stronger core earnings delivery.
4. **Excluding Petrochemicals and Plantations**: Excluding these sectors, the earnings growth for 2023 could be as high as 15.4%.
5. **Stable Political and Economic Outlook**: A stable political environment and effective implementation of macro blueprints are viewed as key catalysts for growth.
6. **Strong Sector Performance**: Utilities, telecommunications, consumer discretionary, construction, real estate, financial services, conglomerates, and healthcare sectors are showing positive trends.

**Negative Points:**
1. **Sector Distortions**: Significant distortions were observed in the petrochemicals, plantations, and glove sectors due to declines in average selling prices.
2. **Mixed Results Across Sectors**: Automotive, glove, and healthcare sectors performed well, but media, technology, and plantation sectors faced shortfalls.
3. **Uncertain Timing for Market Reversal**: The potential market turning point, influenced by factors like inflationary pressures and US bond yields, remains hard to predict.
4. **Earnings Decline Forecast for 2023**: HLIB Research projects a slight earnings decline of 0.3% for the FBM KLCI in 2023 before a rebound in 2024.

Positive Earnings Impact: The increase in MFCB's stake in the Don Sahong hydropower project is expected to be earnings accretive, potentially leading to an increase of about 6% in the company's core earnings forecasts for FY24-25​​. This could positively impact the stock price as higher earnings often lead to increased investor confidence.

Diversification of Business: The acquisition of Emery Oleochemicals and Emery Specialty Chemicals, and the expansion into agricultural produce processing, signal a diversification strategy. This diversification could reduce the company's risk profile by not being overly reliant on a single business segment​​.

Market Perception: The market’s perception of these moves is crucial. If investors view these acquisitions and expansions as strategic and beneficial for long-term growth, it could lead to increased demand for MFCB shares.

Financial Stability: The manner in which these acquisitions are financed is also important. MFCB's healthy balance sheet and low net gearing position suggest financial stability, which is typically viewed favorably by investors​​.

Market Valuation: The market might re-evaluate the company's valuation based on these developments. For instance, the valuation of the hydropower project at a level higher than the company's current market capitalization could indicate that the stock is undervalued, potentially making it more attractive to investors​​.

Overall, while these developments appear to have positive implications for MFCB's stock, investors should always consider the broader market conditions, the company's overall financial health, and their investment strategy before making decisions.

Is QR out? its not on their website nor in bursa site

@speakup- I understood, thanks alot and wish you luck

@speakup - thanks for explanation 🙏. So if i want to increase my position i should buy on ex-date when price dropped and i will be qualify for those dividend too , correct?

Can someone explain why Maybank drops on EX- date? Almost everytime 😒. Shouldnt they hold till Ex-date inorder to be entitled for dividend

MFCB Faire value RM 8.38, PUBLIC BANK target price 4.75, it has upside potential

5099 CAPITALA CAPITAL A BERHAD
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Conversion of Loan Stocks
Details of corporate proposal : Conversion of Redeemable Convertible Unsecured
Islamic Debt Securities ("RCUIDS")
No. of shares issued under this corporate proposal : 470,000
The announcement from CAPITAL A BERHAD about the conversion of Redeemable Convertible Unsecured Islamic Debt Securities (RCUIDS) into shares has several implications for investors. Here are some potential pros and cons:

### Good (Pros)

1. **Increased Liquidity**: The conversion of debt into equity increases the number of shares available in the market, potentially improving liquidity and making it easier for investors to buy or sell shares.

2. **Debt Reduction**: Converting debt into equity reduces the company's liabilities, which can be a positive sign for investors concerned about the company's debt levels.

3. **Alignment of Interests**: Debt holders who convert their securities into shares may have a long-term interest in the company, which could be seen as a vote of confidence.

4. **Potential for Capital Appreciation**: Unlike debt, which has a fixed return in the form of interest payments, equity has the potential for capital appreciation, offering potentially higher returns for investors.

5. **No Dilution from New Issuance**: Since the announcement specifies that there is no issuance of a new type or class of securities, existing shareholders may not face dilution of their ownership stake.

### Bad (Cons)

1. **Dilution of Earnings**: While the ownership may not be diluted, the conversion will increase the number of shares, which could dilute earnings per share (EPS) if the company's net income doesn't increase proportionally.

2. **Lower Dividends**: More shares mean that any dividends declared will be spread over a larger number of shares, potentially reducing the dividend per share.

3. **Uncertainty**: The conversion introduces a new dynamic into the company's capital structure, and it may take time for the market to fully understand and react to this change.

4. **Market Perception**: The conversion of debt to equity might be perceived as a sign that the company is struggling to meet its debt obligations, which could negatively impact the stock price.

5. **Price Pressure**: The issuance of new shares at a specific price (0.7500 MYR in this case) could put downward pressure on the stock if it is currently trading above that price.

6. **Complexity**: The specific nature of the debt being Islamic-compliant (RCUIDS) may add a layer of complexity that all investors might not fully understand, potentially affecting market sentiment.

7. **Tax Implications**: For some investors, particularly those holding debt, the conversion might have tax implications that could be unfavorable.

Investors should carefully consider these factors and consult with financial advisors to understand how this corporate action could impact their investment.

Anyone knows why JFTECH is dropping? down 23% since 18th July

IMO, given the anticipation of a potential interest rate hike in the US and the current state of US banks, a promising opportunity presents itself for Malaysian banks.

Given the anticipation of a potential interest rate hike in the US and the current state of US banks, a promising opportunity presents itself for Malaysian banks.

Does anyone know why the EPF has been consistently purchasing TM shares since beginning of Aug? They've acquired millions of shares. Can we anticipate any positive announcements soon?