LKY mesti pulihkan syktnya sebelum mati, maruah dia hehehe

when others are fearful we must be greedy hehehe

NBV ~Rm2.40.... lagipun LKY adalah kroni mamakutty kerala tak mati/p@kai punya hehe buy3

Israel dah menang... Hamas bawa bendera putih hehehe
22 Feb 2024 — The Gaza war is essentially over — but Israel can still win the campaign.

Harga lelong, beli n simpan... Lky kroni mamakutty, tak p@kai kot? Hehe

Simpan sedikit, nanti naik balik hehe


This article first appeared in The Edge Malaysia Weekly on March 4, 2024 - March 10, 2024

Within a space of five days, Country Heights Holdings Bhd (CHHB) had made a significant reversal in its decision with regard to its quarterly results.

Last Monday, CHHB, which is substantially controlled by Tan Sri Lee Kim Yew, announced that it was unable to release its quarterly results for the period between October and December 2023 because there were delays in verifying claims from creditors, as well as ongoing negotiations with a bank on a defaulted loan.

Last Friday, CHHB issued a press release clarifying further the issues related to its accounts. Close scrutiny reveals that the claims by creditors are related to the Mines Waterfront Business Park (MBWP) development and the amount in question is between RM3 million and RM3.8 million.

As for the loan in default, CHHB stated that the amount is between RM72 million and RM79 million and not RM180 million as reported in the media. Nevertheless, CHHB has already received a proposal from the bank to settle for an amount of RM12 million, which is to be stretched over 24 months.

The property developer stated that the board had initiated the necessary accounting measures so that the financial results would reflect its current position.

The loan is tied to the MBWP and Mines International Exhibition and Convention Centre (MIECC). According to CHHB, the assets are valued at RM550 million.

The value of the assets are grossly higher than the amount in dispute. Hence, on paper, there is really little concern over the state of CHHB’s finances. But what’s puzzling is the delay in resolving the matter, until it has led to a delay in the release of its quarterly results.

Timely information is relevant, especially to CHHB, as it plans to undertake a private placement. The proceeds are to be used to refurbish the Palace of the Golden Horses. A delay in results would certainly not help the company get a better price for the placement exercise.

Save by subscribing to us for your print and/or digital copy.

P/S: The Edge is also available on Apple's App Store and Android's Google Play.

sedang disiasat oleh MACC ka? hehe

murah3, direct biz transactions... bukan harga yahudi :)
History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
06/02/2024 00:00:00 0.6000 0.0400 3.205m 21.210m 1.923m 12.726m 0.6000 0.1646 -
06/02/2024 00:00:00 0.6000 0.0400 7.400m 21.210m 4.440m 12.726m 0.6000 0.3799 -
06/02/2024 00:00:00 0.6000 0.0400 10.605m 21.210m 6.363m 12.726m 0.6000 0.5445 -

bjfood price kini berbaloi bukan harga yahudi, beli dan simpan ya hehe

wow, up 53.5sen kini... israel dah menang dan peperangan akan tamat ka? hehe

uptrend started ka? dah 64sen

beli dan kutip dividen 4.2sen dulu hehe

The wars will end :)

https://www.wsj.com/world/middle-east/hamas-thinks-it-could-win-gaza-war-with-israel-6254a8c6?st=4lr6gkw4wow8wvi&mod=wsj_taboola_rss&dc_data=18221333_samsung-carnival-malaysiaenglish&utm_source=taboola&utm_medium=taboola_news&ui=99cde4e3-1477-40d8-9dd5-b92aee0e1849-tuctcccdf87

Management has been aggressively buying back shares
When a company's management is actively repurchasing its own shares, it essentially means they are utilizing the company's capital to buy its own stock from the market. This reduces the number of shares available, which can increase the earnings per share (EPS) and potentially elevate the stock's price. Often, this action is seen as a bullish signal, implying that the management believes the company's shares are undervalued.

Share Buybacks: A share buyback or repurchase is a transaction where a company buys back its own shares from the marketplace. This reduces the number of outstanding shares, which can increase the ownership stake of remaining shareholders.
Earnings Per Share: Share buybacks can increase the company's earnings per share (EPS), a key metric used to gauge a company's profitability. With fewer shares outstanding, the EPS increases even if the company's net income stays the same.
Bullish Indicator: Management typically decides to buy back shares when they believe the stock is undervalued. This could signal that they expect the company's performance and stock price to improve in the future.
Investor Confidence: Aggressive share buybacks can bolster investor confidence. If the management is willing to invest its own capital back into the company, it might indicate that they are confident in the company's future prospects.

The Wars is going to end.

https://www.malaymail.com/news/world/2024/02/29/new-zealand-designates-entirety-of-hamas-a-terrorist-entity/120621?dc_data=7243967_samsung-carnival-malaysiaenglish&utm_source=taboola&utm_medium=taboola_news&ui=73965a2b-d4d3-4eb1-a098-82668b002403-tuctcd96bc6

Nice entry price

Setiap anak sykt berjaya dah get ready to buy back stay calm ya

Cash rich... More buy back terbaik

Stok dividen, dapat 4.2sen interim dividen dulu hehe

Going to fly again :)

www.marketscreener.com/quote/stock/BERJAYA-FOOD-8158327/company/

Board of Directors
Chairman
Dato' Seri Diraja Tunku Shazuddin Ariff Ibni Sultan Sallehuddin

Chief Executive Officer
Dato' Sydney Lawrance Quays

Non-Independent Non-Executive Directors
Dato' (Dr) Mustapha Bin Abdul Hamid
Tan Thiam Chai
Chryseis Tan Sheik Ling

Independent/Non-Executive Directors
Datin Chee Yoke Kuan
Wan Nor Aida Binti Wan Azmi

OTHER BERJAYA GROUP COMPANIES
Berjaya Land Berhad
(Registration No. 199001010193 [201765-A])
Sports Toto Berhad
(Registration No. 196901000688 [9109-K])
Berjaya Food Berhad
(Registration No. 200901032946 [876057-U])
REDtone Digital Berhad
(Registration No. 200201028701 [596364-U])
RELATED COMPANIES
Berjaya Assets Berhad
(Registration No. 196001000237 [3907-W])
Berjaya Media Berhad
(Registration No. 199401004922 [290601-T])
7-Eleven Malaysia Holdings Berhad
(Registration No. 201301028701 [1058531-W])

close at 57? :)

2024-02-27 0.55 0.55 0.535 0.54 -0.01 (1.818%) 5,242,000
2024-02-26 0.56 0.56 0.545 0.55 -0.01 (1.785%) 3,144,900
2024-02-23 0.555 0.565 0.54 0.56 -0.01 (1.754%) 16,669,600
2024-02-22 0.55 0.57 0.53 0.57 0.00 (0.00%) 18,168,600
2024-02-21 0.585 0.585 0.57 0.57 -0.015 (2.564%) 2,315,800
2024-02-20 0.58 0.585 0.575 0.585 +0.005 (0.862%) 1,903,600
2024-02-19 0.57 0.585 0.57 0.58 +0.015 (2.654%) 3,316,800
2024-02-16 0.56 0.57 0.56 0.565 +0.005 (0.892%) 1,390,400
2024-02-15 0.555 0.58 0.55 0.56 +0.005 (0.90%) 7,005,800
2024-02-14 0.56 0.565 0.555 0.555 -0.01 (1.769%) 3,325,800
2024-02-13 0.565 0.57 0.555 0.565 0.00 (0.00%) 5,166,400
2024-02-09 0.56 0.57 0.555 0.565 +0.005 (0.892%) 775,100
2024-02-08 0.56 0.56 0.55 0.56 -0.005 (0.884%) 2,858,300
2024-02-07 0.56 0.565 0.555 0.565 +0.005 (0.892%) 889,500
2024-02-06 0.56 0.565 0.55 0.56 0.00 (0.00%) 1,784,700
2024-02-05 0.55 0.56 0.54 0.56 +0.02 (3.703%) 5,101,800
2024-02-02 0.545 0.55 0.53 0.54 0.00 (0.00%) 5,069,900
2024-01-31 0.56 0.565 0.54 0.54 -0.02 (3.571%) 7,914,900
2024-01-30 0.59 0.59 0.555 0.56 -0.025 (4.273%) 9,590,000
2024-01-29 0.59 0.59 0.58 0.585 +0.005 (0.862%) 2,814,700

interim dividend declared 4.2sen, up 2sen now

checkmate on hamas. Rafah is the 'lungs through which Hamas breathes' - It 'must be taken', claims security expert. The wars will end. :) The Israeli military confirmed it conducted a “series of strikes” on what it said were targets in the Shaboura area of Rafah and that two Israeli hostages were rescued in a “special operation”.

Tuesday, 27 Feb 2024
6:13PM
DXN 2,242,600 shares purchased into treasury
Monday, 26 Feb 2024
6:03PM
DXN 4,437,800 shares purchased into treasury
Friday, 23 Feb 2024
6:22PM
DXN 1,660,000 shares purchased into treasury
Thursday, 22 Feb 2024
6:36PM
DXN 746,800 shares purchased into treasury
Friday, 26 Jan 2024
8:20AM
DXN DXN - Notice of Book Closure

FYE 30 Jun FY22A FY23A FY24E FY25E FY26E
Key Ratios
Growth ratios (%)
Revenue growth 39.1 11.8 (26.1) 15.7 8.7
EBITDA growth 46.6 (8.8) (57.0) 69.7 3.6
EBIT growth 105.0 (17.1) (96.0) 1,563.8 16.8
Pretax growth 151.7 (19.2) nm nm 24.8
Reported net profit growth 165.1 (14.7) nm nm 24.8
Core net profit growth 143.0 (15.2) nm nm 24.8
Profitability ratios (%)
EBITDA margin 33.8 27.6 16.1 23.6 22.4
EBIT margin 21.5 15.9 0.9 12.4 13.3
Pretax profit margin 18.9 13.6 nm 8.9 10.2
Payout ratio 15.8 59.0 nm 46.3 37.1
DuPont analysis
Net profit margin (%) 12.5 9.6 nm 6.1 7.0
Revenue/Assets (x) 0.7 0.8 0.6 0.7 0.7
Assets/Equity (x) 2.7 2.9 3.1 3.0 2.9
ROAE (%) 29.0 21.8 (3.8) 12.6 14.5
ROAA (%) 10.3 7.9 (1.3) 4.1 4.9
Liquidity & Efficiency
Cash conversion cycle (41.6) (42.0) (38.3) (37.9) (39.9)
Days receivable outstanding 9.3 9.8 11.9 8.9 8.7
Days inventory outstanding 37.1 33.0 32.5 30.3 31.5
Days payables outstanding 88.0 84.8 82.7 77.2 80.0
Dividend cover (x) 6.3 1.7 (0.7) 2.2 2.7
Current ratio (x) 0.4 0.3 0.3 0.5 0.6
Leverage & Expense Analysis
Asset/Liability (x) 1.6 1.5 1.5 1.5 1.6
Net gearing (%) (incl perps) 34.5 39.1 41.7 24.7 9.2
Net gearing (%) (excl. perps) 34.5 39.1 41.7 24.7 9.2
Net interest cover (x) 8.2 7.0 0.2 3.5 4.3
Debt/EBITDA (x) 0.6 0.8 1.8 1.1 1.0
Capex/revenue (%) 6.5 7.6 8.7 7.5 6.9
Net debt/ (net cash) 166.5 190.7 199.6 126.0 51.2

CASH FLOW (MYR m)
Pretax profit 188.3 152.1 (26.4) 84.9 105.9
Depreciation & amortisation 122.9 129.9 125.3 106.4 94.4
Adj net interest (income)/exp 0.0 0.0 0.0 0.0 0.0
Change in working capital (66.6) 95.0 (16.1) 7.7 6.4
Cash taxes paid 0.0 0.0 0.0 0.0 0.0
Other operating cash flow (63.5) (48.7) 8.3 (26.6) (33.2)
Cash flow from operations 318.8 249.5 91.1 172.4 173.6
Capex (64.9) (85.4) (71.8) (71.8) (71.8)
Free cash flow 253.8 164.1 19.3 100.5 101.8
Dividends paid (16.2) (59.7) (27.0) (27.0) (27.0)
Equity raised / (purchased) 0.0 0.0 0.0 0.0 0.0
Change in Debt (80.0) 33.6 0.0 0.0 0.0
Other invest/financing cash flow (146.8) (132.0) 0.0 0.0 0.0
Effect of exch rate changes 0.2 1.0 0.0 0.0 0.0
Net cash flow 11.1 7.1 (7.7) 73.6 74.8

BALANCE SHEET (MYR m)
Cash & Short Term Investments 39.0 50.1 41.2 114.8 189.6
Accounts receivable 28.9 32.0 22.5 24.8 25.5
Inventory 51.8 59.3 43.8 49.8 54.2
Reinsurance assets 0.0 0.0 0.0 0.0 0.0
Property, Plant & Equip (net) 294.4 332.1 281.0 248.9 228.6
Intangible assets 459.7 467.3 451.0 448.6 446.3
Investment in Associates & JVs 0.0 4.7 4.7 4.7 4.7
Other assets 457.9 500.7 551.3 551.3 551.3
Total assets 1,331.7 1,446.1 1,395.6 1,442.8 1,500.1
ST interest bearing debt 110.5 185.8 185.8 185.8 185.8
Accounts payable 134.9 150.8 111.4 126.7 137.8
Insurance contract liabilities 0.0 0.0 0.0 0.0 0.0
LT interest bearing debt 95.0 55.0 55.0 55.0 55.0
Other liabilities 508.0 567.0 565.0 566.0 566.0
Total Liabilities 848.9 958.5 917.4 933.4 945.0
Shareholders Equity 485.7 493.1 448.0 479.3 525.0
Minority Interest (2.8) (5.5) 30.1 30.1 30.1
Total shareholder equity 482.8 487.7 478.1 509.4 555.1
Total liabilities and equity 1,331.7 1,446.1 1,395.6 1,442.8 1,500.1

INCOME STATEMENT (MYR m)
Revenue 997.7 1,116.0 824.4 953.6 1,037.0
EBITDA 337.4 307.8 132.4 224.6 232.6
Depreciation (120.5) (127.5) (122.9) (104.0) (92.1)
Amortisation (2.4) (2.4) (2.4) (2.4) (2.4)
EBIT 214.5 177.9 7.1 118.2 138.2
Net interest income /(exp) (26.3) (25.5) (33.5) (33.4) (32.3)
Associates & JV 0.0 (0.4) 0.0 0.0 0.0
Exceptionals 0.0 0.0 0.0 0.0 0.0
Other pretax income 0.0 0.0 0.0 0.0 0.0
Pretax profit 188.3 152.1 (26.4) 84.9 105.9
Income tax (65.3) (47.6) 8.3 (26.6) (33.2)
Minorities 2.1 2.3 0.0 0.0 0.0
Discontinued operations 0.0 0.0 0.0 0.0 0.0
Reported net profit 125.1 106.7 (18.1) 58.3 72.7
Core net profit 129.7 110.0 (18.1) 58.3 72.7

FYE 30 Jun FY22A FY23A FY24E FY25E FY26E
Key Metrics
P/E (reported) (x) 7.8 14.9 nm 17.6 14.1
Core P/E (x) 11.5 10.0 nm 17.6 14.1
P/BV (x) 3.1 2.2 2.3 2.1 2.0
P/NTA (x) 57.6 42.5 (345.5) 33.4 13.0
Net dividend yield (%) 1.3 5.7 2.6 2.6 2.6
FCF yield (%) 17.0 15.0 1.9 9.8 9.9
EV/EBITDA (x) 4.9 4.2 9.5 5.3 4.8
EV/EBIT (x) 7.7 7.2 nm 10.0 8.0

Statistics
52w high/low (MYR) 1.03/0.54
3m avg turnover (USDm) 0.5
Free float (%) 33.7
Issued shares (m) 1,967
Market capitalisation MYR1.1B

Major shareholders:
Berjaya Corp. Bhd. 43.8%

Berjaya Food Bhd.8.9%

Pembangunan Sumber Manusia Bhd 4.4%

The attack should be carried out anytime to end the wars. Buy3, hehehe

Israel will invade Rafah before or after any truce deal: Netanyahu to CBS
Israel will invade Rafah before or after any truce deal: Netanyahu to CBS
"If we have a (truce) deal, it will be delayed somewhat, but it will happen," Israel PM ... day of Hamas's attack. Mediators have voiced hope that a temporary truce and a captive-prisoner exchange can be secured before the start of Ramadan on 10 or 11 ...

Hebdo Ahram
https://edition.cnn.com/2024/02/21/middleeast/sexual-crimes-hamas-october-7-israeli-report-intl/index.html

"Citi: Bullish investor sentiment 'nearly everywhere'"

https://uk.investing.com/news/stock-market-news/citi-bullish-investor-sentiment-nearly-everywhere-432SI-3354679

see how fast Israel could defeat Hamas with its military power. hehehe. waiting for the wars to end fast.. bjfood to fly soon. :) hamas arab bukan lawan israel yahudi

#Israel is one of the 10 most powerful countries in the world, both politically and militarily. According to a roundup by US News & World Report, Israel ranks fourth in terms of military strength, trailing only the United States, China, and Russia

Itulah sebabnya israel menyerang dengan bermati-matian untuk mengalahkan hamas di rafah, salah satu pihak akan mampus . Once the attack on rafah is over, the wars will end. bjfood price surges ...

the jihadist nature of Hamas means it would be difficult for the organisation to change its goal of eliminating Israel in turn making it harder to reach a lasting peace settlement with the Jewish state.

Actions should be taken to protect lives of civilians in Gaza and the humanitarian crisis in the strip is appalling, but that does not mean the October 7 attack should be legitimised.

Netanyahu and many other Israelis contend that moving toward Palestinian statehood now would be a bizarre reward for the aggression by Hamas. But the fact is that Hamas does not seek a two-state solution. The group’s Islamic radical leaders vow to eliminate the State of Israel, repeatedly claiming that Jews are colonialist strangers in the Holy Land—despite thousands of years of Jewish presence dating back to Abraham, the birth of monotheism, the kingdoms of David and Solomon, and the preachings of a Jew from Nazareth named Jesus.

Masih guna, fb, instagram, google, mercedes,amex, visacard, mastercard, boeing planes, etc... boikot hanya hangat2 tahi ayam. hehe after the wars, lagi kuat makan Mcd, kfc, minum starbucks, dll... mark my words hehehe

Last attack on rafah to end the wars is approaching. Grab some bjfood shares ;)

The prime minster, Benjamin Netanyahu, convened the war cabinet late on Saturday for a briefing with negotiators who had been at talks in Paris.

This week, it will meet again to discuss preparations for an assault on Rafah, the southern border town where an estimated 1.5 million displaced Palestinians have sought shelter. A deal might delay that operation, but would not prevent it, Netanyahu said in an interview with CBS.

Rally tak rally di msia tak mustahak bagi mereka.

Rafah attack: How Israel plans to hit Hamas and scale back war.

The wars end, bjfood price UP rigorously.

Tiada kesan langsung terhadap serangan yahudi atas hamas arab. Hanya ekonomi Malaysia terjejas hehe

Mar 2, rally again


https://www.freemalaysiatoday.com/category/nation/2024/02/27/mega-rally-for-palestine-on-march-2-gets-partial-police-approval/?dc_data=2536024_samsung-carnival-malaysiaenglish&utm_source=taboola&utm_medium=taboola_news&ui=c3e53374-7d35-459b-8b0c-f1789006b9d8-tuctcd765b1

bjfood will surge the wars will end soon. the jews are likely to win. $$$$$$$$$$$$$

Israel ranks among 10 most powerful countries in …
WebUS News & World Report finds Israeli military behind only US, China Russia; country is world's 6th most politically influential and 10th strongest power; but ranks only 37th 'best'.

Prime Minister Mohammad Shtayyeh announced he will step down, amid signs President Mahmoud Abbas may be planning to name a more technocratic government to manage Palestinian affairs once the war in Gaza ends.

Rafah battle is the final battle whether all hamas arabs or jews are destroyed.

buy bjfoods before the destroy of jews or hamas arabs and the end of the wars$$$$$$$$$$$$$$$$$$$

#Netanyahu and many other Israelis contend that moving toward Palestinian statehood now would be a bizarre reward for the aggression by Hamas. But the fact is that Hamas does not seek a two-state solution. The group’s Islamic radical leaders vow to eliminate the State of Israel, repeatedly claiming that Jews are colonialist strangers in the Holy Land—despite thousands of years of Jewish presence dating back to Abraham, the birth of monotheism, the kingdoms of David and Solomon, and the preachings of a Jew from Nazareth named Jesus.

direct biz transactions sejak wars jews-hamas arabs last year, harga sentiasa 60sen or higher, investors grab & simpan je :)


History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
06/02/2024 00:00:00 0.6000 0.0400 3.205m 21.210m 1.923m 12.726m 0.6000 0.1646 -
06/02/2024 00:00:00 0.6000 0.0400 7.400m 21.210m 4.440m 12.726m 0.6000 0.3799 -
06/02/2024 00:00:00 0.6000 0.0400 10.605m 21.210m 6.363m 12.726m 0.6000 0.5445 -
31/01/2024 00:00:00 0.6100 0.0500 10.716m 10.716m 6.537m 6.537m 0.6100 0.5502 -
13/12/2023 00:00:00 0.6700 0.0400 30.452m 30.452m 20.403m 20.403m 0.6700 1.5635 -
03/11/2023 00:00:00 0.7100 - 77.300m 86.000m 54.883m 61.060m 0.7100 3.9689 -
03/11/2023 00:00:00 0.7100 - 8.700m 86.000m 6.177m 61.060m 0.7100 0.4467 -
26/09/2023 00:00:00 0.7200 -0.0300 29.500m 29.500m 21.240m 21.240m 0.7200 1.5147 -
12/09/2023 00:00:00 0.6850 0.0100 20.000m 20.000m 13.700m 13.700m 0.6850 1.0269 -
28/08/2023 00:00:00 0.6900 - 23.000m 23.000m 15.870m 15.870m 0.6900 1.1809

terbaik/.. dah kata beli semasa 1.3+ hehe

Buy3, last battle is coming, yahooo!!!

Netanyahu says Israel will target Rafah to defeat Hamas amid cease-fire talk
Israeli Prime Minister Benjamin Netanyahu remains steadfast in his mission to defeat Hamas, despite ongoing cease-fire negotiations. In Tel Aviv, protests against Netanyahu's war strategy were met with police water cannons. Meanwhile, residents of Rafah in Gaza prepare for the potential of an Israeli ground assault.
14H AGO

Buy yah, the wars is towards the end

https://time.com/6800156/israel-gaza-rafah/

Netanyahu and many other Israelis contend that moving toward Palestinian statehood now would be a bizarre reward for the aggression by Hamas. But the fact is that Hamas does not seek a two-state solution. The group’s Islamic radical leaders vow to eliminate the State of Israel, repeatedly claiming that Jews are colonialist strangers in the Holy Land—despite thousands of years of Jewish presence dating back to Abraham, the birth of monotheism, the kingdoms of David and Solomon, and the preachings of a Jew from Nazareth named Jesus.

The Board of Directors of KAWAN is pleased to declare an Interim Single Tier Dividend of 4.2 sen per ordinary share in respect of the financial year ending 31 December 2024.


The entitlement and payment date will be determined and announced at a later date.


This announcement is dated 22 February 2024.

Price Target
A price target is an analyst's projection of a share's future price.

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

1.81

Avg Target Price

2.23

Upside/Downside

+0.42 (23.20%)

https://klse.i3investor.com/web/stock/analysis-price-target/7216

Ok ok buy

PETALING JAYA: Resilient domestic demand and a recovery in demand from the European market are helping to sustain Kawan Food Bhd’s revenue growth.

According to Inter-Pacific Research, the company’s sales growth in key foreign markets, such as the rest of Asia, has remained stagnant.

Additionally, sluggish sales in the North America market were largely attributed to lower consumer sentiment.

Meanwhile, the tensions in the Middle East might also cause delays in shipments that affect the sales in North America and European markets.

That said, the research house anticipated a recovery in demand from the North America market due to its economic resilience that should largely preserve demand growth.

“Furthermore, we expect export sales in the Chinese market to regain momentum following the government’s efforts to bolster market confidence through stimulus measures,” it added.

Kawan Food’s calendar year 2023 earnings came in below Inter-Pacific Research’s expectations, only accounting for 93% of its full-year forecast, mainly due to lower operational efficiency and higher taxes.

The research house further reduced its earnings forecasts by 0.3% for 2024 after taking into account the higher operating expenses.

“We also maintain our ‘neutral’ recommendation on Kawan Food with a higher target price of RM2.02 by pegging an unchanged 20 times target price to earnings ratio (PER) to our 2024 earnings per share,” Inter-Pacific Research said.

It continues to like Kawan Food for its overseas market exposure, ongoing initiatives for social and labour compliance, and robust research and development to expand its product offerings.

Kawan Food’s 2023 revenue exceeded the research house’s expectations, which accounts for 102.1% of its previous full-year forecast.

However, net profit slightly missed expectations, only making up 93% of the research house’s previous full-year forecast, mainly due to the higher administrative expenses incurred.

Revenue increased 12.5% to RM81.4mil in the fourth quarter of 2023 from RM72.4mil, as the sales contribution from the European and China markets showed a two-time jump to RM9.8mil and nearly 1.5 time jump to RM2.7mil, respectively.

With improving sales, pre-tax profit rose 22.8% to RM10.2mil from RM8.3mil, which gave an uptick of 1.1% to its pre-tax profit margin.

The company’s net profit increased marginally by 2.1% to RM8.9mil

Great, a good action against deadwood. hehe

Chief Secretary to the Government (KSN) Tan Sri Mohd Zuki Ali has clarified that the authority to appoint and terminate the services of the Malaysian Tourism Promotion Board (Tourism Malaysia) director-general Datuk Dr Ammar Abd Ghapar, rests with the Tourism, Arts and Culture Minister.

He explained that this matter was clearly outlined in the Malaysian Tourism Promotion Board Act 1992 (Act 481).

"In fact, the authority to appoint the Malaysian Tourism Promotion Board director-general lies within the jurisdiction of the Tourism, Arts, and Culture Minister, as defined by Act 481, granting the minister the power to appoint and terminate an individual's services.

"At times, it becomes necessary to provide clarification to the public, as I am aware that this issue has been raised and circulated widely on social media and other platforms.