KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

Here’s a bit more detail:

Stock Performance: Stocks for travel companies like Booking.com and Airbnb have been performing well. For instance, Airbnb has shown strong financial results, reflecting a robust recovery in travel demand

Visitor Increase in SE Asia: Countries in Southeast Asia have indeed reported a significant increase in visitors. For example, Malaysia saw 20 million tourist arrivals in 2023, which is 77% of pre-pandemic levels. This increase in tourism typically indicates higher disposable income among travelers, as they are willing to spend on travel and leisure activities.

Stocks for travel companies like Booking.com and Air BNB are doing great. Countries in SE Asia are reporting 2.5 times more visitors than last year which generally would indicate disposable income.

Elsewhere, we are still Over Weight on the Aviation sector. We expect CAPITALA and AirAsia X to have a profitable 2024. At first glance, this seems obvious from today’s vantage point but is highly significant when we consider the fact that both of them were incurring losses even before the COVID-19 pandemic struck due to industry overcapacity. With industry overcapacity being rationed (higher demand and lower supply growth) and all Malaysian airlines (especially Malaysia Airlines) pricing fares rationally, we expect 2024 to be the first core profitable year for CAPITALA and AirAsia X after many years of losses.

Source: Mabel's Tiger Bank

Meow Meow Meow

KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

Trading Volume = 4,259,500 shares
Not Bad actually..

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month.

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

Cheer up Guys ...Mabel is still in Merdeka Mood...

Our Sheikh 3rd Lady, Lady Sapura Shines at Malaysia National Day Parade

Lady Sapura was honored as a Super VIP sponsor at the Malaysia National Day Parade, highlighting her significant role in the nation’s economic development. In Malaysia, Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) are crucial for orderly economic progress, and Lady Sapura stands out as a key GLC.

Different Approaches for Troubled Companies

When a large Bumiputera company faces challenges, their strategies differ from those of typical commercial entities like the AA Group. Tony Fernandes, for instance, has proposed listing on the Dow, selling the AA brand, and now selling assets to sister company AAX. Meanwhile, Lady Sapura is undergoing the largest corporate restructuring in Malaysia’s history. This is due to legacy contracts awarded during Tan Sri Shahril’s tenure, which involved significant risks for contractors.

Turning the Tide

Currently, Lady Sapura is renegotiating unfavorable contracts while completing ongoing projects. The company is making significant strides in its turnaround efforts and is on track to exit PN17 status next year. Key steps include debt restructuring, a robust business plan, and securing 75% lender support for the Proposed Restructuring Scheme (PRS)

Meow Meow Meow

https://www.youtube.com/watch?v=sim825dUWuc

Yes Tony, One day we going to get so high….

Malaysia Airlines has received multiple bailouts from the Malaysian government over the years. Here are some notable instances:

1998: During the Asian financial crisis, the government injected funds to help the airline cope with the economic downturn.
2002: Another bailout was provided to address financial difficulties and operational inefficiencies.
2014: Following the tragic incidents of MH370 and MH17, Khazanah Nasional, Malaysia’s sovereign wealth fund, took the airline private and implemented a RM6 billion restructuring plan.
2020: Amid the COVID-19 pandemic, the airline received additional financial support to navigate the severe impact on the aviation industry.

In total, it is estimated that the Malaysian government, through Khazanah Nasional, has injected around RM28 billion into Malaysia Airlines over the years.

https://www.nst.com.my/news/government-public-policy/2020/11/644614/rm28-billion-given-malaysia-airlines-so-far

Meanwhile more than 5 million Capital A was traded today. Remember Capital A is more than an airline. It is our investment holding with a broad portfolio of synergistic travel and lifestyle businesses. At least Magician Tony was braved and smart to turn a RM 1 Company into a World Best Low-Cost Airlines without any bail out from Malaysian Taxpayers so that Everyone Can Fly…

When this Airlines is out of PN17 next year, Foreign Fund will start buying this 15X World's Best Low-Cost Airline..

Last week, The top three sectors net bought by foreign investors were financial services (RM1.30 billion), utilities (RM259.7 million), and construction (RM88.7 million).

Captain Mabel Meow

The top three sectors net bought by foreign investors were financial services (RM1.30 billion), utilities (RM259.7 million), and construction (RM88.7 million).

First half dividend of RM0.27 announced
Shareholders will receive a dividend of RM0.27.
Ex-date: 13th September 2024
Payment date: 27th September 2024
Dividend yield will be 6.4%, which is higher than the industry average of 5.1%.

2Q24 results within expectations

CIMBs 2Q24 earnings were within expectations, but we raise our FY24-26E net profit forecasts by a marginal 3% respectively, to factor in lower credit cost assumptions. We roll forward valuations and raise our PBV target to 1.3x (1.1x previously), supported by a higher FY25E ROE of 11.2%. Our TP is raised to MYR9.20 from MYR7.70, with a prospective dividend yield of 5.7% for FY24E. BUY

Well Done Team!

1st accumulation for Capital A is secured at VWMA 20. Volume already breaches 3,000,000 shares. Collection continues. Now Every One Can Fly…

Capital A will breached 3,000,000 shares traded soon..hihihi

https://www.youtube.com/watch?v=sim825dUWuc

Yes Tony, One day we going to get so high….

Haha this weekend must have been the best weekend Mabel ever had since venturing into YTL Power..

Mabel can sleep like a baby...hihihi...

Haha Handsome sslee, more than 1 million shares traded oledi this morning...

Every one just want to fly...hihihi

Haha tomorrow Mabel also will put her que at 64 sen..

Please sell ya.. Hihihi...

The weekend engagement has been productive with Airlines Investors. In less than 15 minute after market open more than 500,000 Capital A shares are being traded. Despite Capital A climbing +0.65 %, many Investors are Buying this morning. Beside, Capital A could see better results in 3Q amid lower jet fuel prices, coupled with the ringgit's strength against the dollar. Time is about ripe to add more Capital A at VWMA 20. Now Every one Can Fly…

Haha tomorrow Mabel will put her que at 64 sen..

Please sell ya.. Hihihi...

Touche JrWarren!

Mabel can see you are pretty smart...

As far as Mabel is concern having two Wonderful Airlines is already good enough. Remember it was Khazanah who decided to take MAG private and Mabel is pretty clear that aviation business going to dispose soon by Capital A to AAX, thus her only focus on non-aviation part. If you are hardworking and smart enough, the non-aviation EPS has a story to tell, whether the current share price is under/overvalue is not a matter of concern as Mabel thinks it is still very much undervalued. After the restructuring, Capital A will retain its non-aviation businesses. This includes:

Santan: The in-flight food and beverage business, which has expanded into a restaurant chain.
Teleport: The logistics and e-commerce delivery arm.
BigPay: The financial technology (fintech) company offering digital banking services.
AirAsia Super App: The digital platform providing various services, including travel, e-commerce, and lifestyle offerings.
RedBeat Ventures: The venture capital arm investing in technology and innovation.
These businesses will continue to operate under Capital A, focusing on diversifying revenue streams and reducing reliance on the aviation. This is where the growth is going to happen.

However, as a shareholder of Capital A, Mabel will still retain some exposure to the aviation business even after the restructuring. Here’s how it works:

• Distribution of NewCo Shares: Capital A plans to distribute 73.33% of the shares of the new aviation entity (NewCo) to its shareholders via a capital reduction. This means for every 1,000 shares of Capital A you hold, you would receive up to 397 shares of NewCo.
• Retained Stake: Capital A will still own 18.39% of the new aviation entity. This retained stake ensures that Capital A shareholders continue to benefit from the aviation business’s performance indirectly.
• Strengthened Financial Position: The restructuring is expected to strengthen Capital A’s financial position by translating non-cash gains into its books and improving its equity position, which is crucial for lifting itself out of the Practice Note 17 (PN17) status.

In summary, while the direct ownership of the aviation business will shift to AAX, Capital A shareholders will still have significant exposure to the aviation sector through the distributed shares and the retained stake in the new entity. Mabel can now focus totally and rely on Well Proven Singapore Airlines which is the World Best Airlines. In addition

SIA has more than 20 subsidiaries that provide various aviation-related services, such as ground handling, catering, maintenance, repair, overhaul, cargo, and low-cost flights. SIA, or Singapore Airlines, is the parent company of SATS and SIA Engineering, which are both listed on the Singapore Exchange
• SIA owns 40.8% of SATS, which provides ground handling and catering services to airlines and airports.
• SIA owns 77.4% of SIA Engineering, which provides maintenance, repair, and overhaul services to aircraft.
• SIA also owns 100% of Budget Aviation Holdings, which operates Scoot, a low-cost subsidiary of Singapore Airlines. Scoot has a fleet of widebody Boeing 787 Dreamliners, single-aisle aircraft from the Airbus A320 family, and plans to add the Embraer E190-E2 in 2024.

Malaysia and Singapore are Truly Asia with Mabel Airlines Clear Blue Skies in 2024. With 3 International Awards, it’s 150%% Success Rate for Mabel Airlines to help everyone to fly...
• Malaysia AirAsia continued success being named the World's Best Low-Cost Airline in 2023
• Singapore Airlines continued success being named the World's Best Airline in 2023
• Singapore's Scoot taking the top title as the World’s Best Long Haul Low-Cost Airline in 2023

Captain Mabel Meow

Remember Capital A is more than an airline. It is our investment holding with a broad portfolio of synergistic travel and lifestyle businesses. At least Tony was braved and smart to turn a RM 1 Company into a World Best Low-Cost Airlines so that Everyone Can Fly…

Haha sslee tomorrow Mabel will put her que at 64 sen..

Please sell ya.. Hihihi...

#Sslee Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

Is capA after paying lease payment to lessors, will it be one of the most highest unit cost airlines?

Group’s YTD net cash from operations doubled YoY to RM2.1 billion.
Cash flow from financing activities
Repayment of lease liabilities RM (1,792,676,000)

CapA is too good to the lessors and still paying lessors RM (100,343,000 + 76,568,000) for non operating aircrafts in Q2 ended 30/6/2024.

As at 30/6/2024
RM'000
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)

Current lease liabilities RM 5,510,697,000

Can capA generate enough cash flow to pay the current lease liabilities?
Luckily revenue bond come to the rescue. So that capA can live to fight for another day.
01/09/2024 8:05 AM

Good Morning Handsome sslee,

Let Mabel try to answer on behalf of Tiger. Stand to be corrected...

Lowest Unit Cost Airline: CapA (Capital A Berhad) is recognized for its low unit costs, which is a significant competitive advantage. The management’s ambition, cost-consciousness, and forward-thinking strategies have contributed to maintaining these low costs.

Lease Payments and Unit Costs: Despite its low unit costs, CapA’s substantial lease payments to lessors could potentially increase its overall unit costs. The company paid RM 176.91 million for non-operating aircraft in Q2 20242. This indicates a significant financial burden, especially when these aircraft are not generating revenue.

Cash Flow and Lease Liabilities: CapA’s year-to-date (YTD) net cash from operations doubled year-over-year (YoY) to RM 2.1 billion. However, the company also has substantial lease liabilities, with repayments amounting to RM 1.79 billion. This raises concerns about whether CapA can generate enough cash flow to cover these liabilities.

Financial Health Indicators:

Net Current Liabilities: RM 13.48 billion
Total Equity: RM 11.24 billion
Net Tangible Assets (NTA): RM -2.12 per share
Current Lease Liabilities: RM 5.51 billion
These figures highlight a challenging financial position, with significant liabilities and negative NTA.

Revenue Bond: The issuance of a revenue bond has provided CapA with much-needed liquidity, allowing it to manage its lease liabilities and continue operations. This move is crucial for the company’s short-term survival and long-term strategic planning.

Conclusion
While CapA’s management has successfully maintained low unit costs and ambitious growth strategies, the substantial lease payments and high liabilities pose significant challenges. The company’s ability to generate sufficient cash flow to cover these liabilities will be critical. The revenue bond offers a temporary reprieve, but sustainable financial health will require continued operational efficiency and strategic financial management.

Now you know why Mabel thinks Tony is a Magician. Remember, the different between MAS and Capital A is MAS is backed by gov but Capital A is self funded. Now you know why Mabel salute Tony, Air Asia can still survive till now..........

Cheers!

Meow

While Mabel Airlines Capital A are making progress, Malaysia Airlines is currently facing significant challenges that have put it at a pivotal crossroads. The airline, once a top global carrier, is dealing with a crisis of confidence due to several operational issues. These include a shortage of skilled workers for aircraft maintenance and a lack of necessary parts.

Recently, the validity of Malaysia Airlines’ air operator certificate (AOC) was shortened to just one year, further impacting its reputation. The responsibility now lies with Khazanah, the airline’s major shareholder, and the board of directors to address these issues and steer the airline back on track.

https://www.thestar.com.my/business/business-news/2024/08/31/malaysia-airlines-at-pivotal-crossroads?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240901&__sta=vhg.uosvpxQddhqnejsu0sv%7CIFFHTVQ&__stm_medium=email&__stm_source=smartech

https://mkefactsettd.maybank-ke.com/PDFS/402984.pdf

Meow

Share Price MYR 0.765
12m Price Target MYR 1.00 (+27%)
Previous Price Target MYR 1.00

Source : Mabel's Tiger Bank

Meow

Maintain BUY call and MYR1.00 SOP-TP

2Q24/6M24 results came in marginally below our expectations as fewer than-expected aircraft were returned to service. That said, there are very positive tailwinds in easing jet fuel prices and the recovering MYR.

Moreover, the return to service of its entire fleet is a matter of ‘when’ and not ‘if’ to us. Thus, our earnings estimates, BUY call and MYR1.00 SOP-TP are maintained for now. CAPITALA expects to dispose its shareholding in its 5 airlines to AAX in 4Q24 and lift its PN17 classification in 1Q25/2Q

Results analysis

2Q24 EBITDA recovered 103% YoY largely due to:-
(i) passengers carried recovering 41% YoY; and
(ii) unit passenger revenue growing 15% YoY.

2Q24 EBITDA was down 29% QoQ largely due to unit passenger revenue seasonally easing 9% QoQ.

6M24 EBITDA recovered 213% YoY largely due to:-
(i) passengers carried recovering 67% YoY; and
(ii) unit passenger revenue growing 14% YoY.

Value Proposition
1. Asia’s leading low cost carrier with highest market share, largest fleet size and most extensive route network.

2. Operates in 5 countries after exiting Japan and India, which provides unrivalled route network reach.

3. Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

4. Growing middle class in Asia fueling growth in demand for
air travel.

5. Won the coveted ‘World’s Best LCC’ award for a record 15 times in a row by Skytrax.

Financial Metrics
1. Best financial indicator is core net profit ex-disposal gains, forex and fair value changes, and deferred taxation.
2. Forecast FY24E to return to core net profit on more passengers and higher fares.
3. Forecast FY25E core net profit to grow further on more passengers as all aircraft would have returned to service.
4. Sensitive to fuel price movement, a USD1 per barrel change in fuel price will move earnings by MYR40m-MYR50m.
5. Balance sheet as at end-2Q24 in a net debt position of MYR4.38b if ex-finance lease liabilities.

Capital Mabel Meow

Meanwhile Mabel Airlines AirAsia X (AAX) has been awarded the title of Best International Airline Flying to Australia at the Australian Aviation Awards 2024.

The ceremony in Sydney recognized AAX’s dedication to excellence and innovation within the aviation industry. The Australian Aviation Awards, now in their third year, celebrates the crème de la crème of the aviation industry.

The awards celebrate those shaping the future of flying through a rigorous judging process that evaluates growth, business development, diversity, leadership, innovation, and contributions to Australia’s aviation landscape.

Syabas Malaysia!!!
https://www.msn.com/en-my/lifestyle/travel/airasia-x-soars-to-new-heights-crowned-best-international-airline-at-the-australian-aviation-awards-2024/ar-AA1pHZxH?ocid=nl_article_link

Thank you so such KKK and stkaoy!

Meow Meow Meow

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

prudentinvestor First half year dividend already 27 sen a share. Assuming CIMB Bank also pays 27 sen a share again in the second second half (it may pay more than 27 sen a share), total dividend payment would be very close to Maybank's annual dividend. Another Maybank in the making?
30/08/2024 8:12 PM

stkoay Very positive guidance for 2nd half year.
30/08/2024 10:10 PM

CIMB Bank’s recent performance is indeed impressive! With a first-half dividend of 27 sen per share, if they match or exceed this in the second half, the total annual dividend could rival Maybank’s who has been a strong performer in terms of dividends, so CIMB’s potential to match this is noteworthy

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

Yes lah..

To RM 3 with Loves

Happy Merdeka Every One!

Meow Meow Meow

Bottom line

FBM KLCI mover
$YTLPOWR (6742.MY)$ was the top gainer, rising 6.01 percent to close at RM 3.880.

To Our Success Value Investors!

Happy Merdeka to Every One!

Meow Meow Meow

Brilliant!

Thank you CIMB!

Meow Meow Meow

With a much stronger SGD, Mabel Airlines SIA is generous to reward the shareholders with Merdeka Angpow. Singapore Airlines Limited announced that at its AGM held on 29 July 2024 approved a final dividend of 38 cents per ordinary share for the year ended March 31, 2024 while Capital A Berhad reported its unaudited financial results for the quarter ended 30 June 2024 (“2Q2024”), a Net Loss primarily due to unrealized foreign exchange losses due to our earlier weak RM.

The Group, consisting of Aviation Group and Capital A Companies - Capital A Aviation Services, Teleport, MOVE Digital and Capital A International, posted second quarter revenue of RM4.9 billion and EBITDA of RM735 million, representing Year-on-Year (“YoY”) increase of 54% and 59%, respectively. The result is achieved despite ongoing fleet reactivation efforts with 22 aircraft remaining grounded. Capital A’s non-aviation companies showcased promising progress, achieving over RM1.3 billion in Year-to-Date (“YTD”) revenue, surpassing YTD revenue in FY2023.

The Group’s YTD net cash from operations doubled YoY to RM2.1 billion.

https://newsroom.airasia.com/news/capital-a-financial-results-second-quarter-2024#gsc.tab=0

The AirAsia Aviation Group intends to launch 23 new routes across its five units in Southeast Asia by end-September, a significant expansion that comes amid an improvement in earnings.

The low-cost airline group, which is in the process of being divested from parent Capital A, also expects passenger traffic recovery for the July-September period to be around 89% pre-pandemic levels, with growth led by Mainland China and India.

Still on target to get out of PN17 in 2025...

Meow

2721 UNSTOPPABLE..congrats to those who sapu low low again =)
30/08/2024 10:20 AM

Cheers UNSTOPPABLE!

Those that bought yesterday will smiles ears to ears. Remember YTL Power achieved more than RM 1 Billion Net Profits for this Quarter way above our projection of RM800-900 million net profit. *All segments are profitable* and YTL Power International Bhd declared a second interim dividend of four sen per share for the financial year ended June 30, 2024 (FY2024)

YTL Power Profit before taxation
Power Generation 785,238 – Temasek Power Seraya within expected range of SGD180-200m
Water & Sewerage 68,978 – UK Wessex turns around as expected
Telecommunications 37,466 – Great surprise was a turnaround in Yes 5G business
Investment holding activities 347,473

There is an extraordinary gain of 350 million in Q4 2023 PAT, if it is taken out, the actual PAT is 780 million.
Q4 2023 PAT - 1130-350=780
Q1 2024 PAT - 848
Q2 2024 PAT - 845
Q3 2024 PAT - 699

Hence Q4 2024 PAT is definitely higher than 780 million, both YoY and QoQ are higher.
The total EPS for FY 2023 is 24.95 sen.
The total PAT for FY 2024 is 3.51 billion.
The total EPS for FY 2024 is around 0.43.

To Our Success !

Meow Meow Meow

Haha still waiting to collect more at 64 sen..

Let see if Uncle and Aunties Shorties can help..hihihi

To Our Success !

Meow

Haha Mabel hope Uncles and Aunties Shorties does not lose any panties today ya..hihihi

Thank you so much for yesterday's collection..

To Our Success !

Meow

OK Lah...Mabel will try to sell today at 80 sen...

Let see if any Uncles and Aunties wang to buy...

Meow

Yes KKK...

Cheers Bro...

What you said is correct too...

Meow