Mabel

Mabel | Joined since 2019-02-11

Investing Experience Advanced
Risk Profile High

Disclaimers :- All Mabel comments in i3 forum are based on my investment experience across the Globe by applying the Pareto principle. No buy or sell call on any stocks in i3 forum on all my comments. You are advised to consult license banker or Remisier for any investment.

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Stock

3 weeks ago | Report Abuse

Better to move on...

SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.

It's better to move on. Right now, beside good companies Mabel is also looking at Capital A and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE..

There are two ways to make money...

Dividend Play
Capital Appreciation.

To Our Success

Meow

Stock

3 weeks ago | Report Abuse

Right now, beside good companies Mabel is also looking at AA and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE..

Based on the above Mabel takeaway is simple..

PNB’s stake in Sapura Energy, held under its various funds, was only 12.16% before the rights issue. It also fully subscribed for the latter’s Islamic redeemable convertible preference shares (RCPS-i), which were part of a RM4 billion cash call — RM3 billion from a five-for-three renounceable rights issue at 30 sen per share, and RM1 billion via a two-for-five renounceable rights issue of new RCPS-i at 41 sen each.

In simple term that's PNB cost without considering of the 12.16% before the right issues is between 30 to 41 sen per share. As long as Mabel's cost is below the PNB Cost, Mabel can continue to Goyang kaki...

Cheers King !

Meow

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3 weeks ago | Report Abuse

InvestorKING Mabel, your serba already delisted, so how do you feel? And what's your plan now?
09/06/2024 4:29 PM

SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.

Meow

Stock

3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/714040

“Top picks for the DC construction play include Gamuda and Sunway Construction Group Bhd (KL:SUNCON), which have secured a total of at least RM2 billion worth of DC contracts.

Stock

3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/714040

“Top picks for the DC construction play include Gamuda and Sunway Construction Group Bhd (KL:SUNCON), which have secured a total of at least RM2 billion worth of DC contracts.

Stock

3 weeks ago | Report Abuse

https://themalaysianreserve.com/2024/04/30/capital-as-aviation-restructuring-receives-positive-analyst-feedback/

This collective gain of RM10.8 billion is projected to offset the negative shareholder equity of RM10.5 billion as of Dec 31, 2023, effectively aiding the company in exiting the PN17 status.

Stock

3 weeks ago | Report Abuse

Thanks for sharing..

Stock

3 weeks ago | Report Abuse

Putting these latest news together...

Capital A is undergoing significant restructuring. After issuing warrants and placement, AAG (the company) aims to reduce its share capital from RM4.05 billion to RM100 million.

This reduction will eliminate accumulated losses totaling RM3.27 billion. Meanwhile, Capital A’s share capital is projected to decrease by RM2.2 billion to RM6.46 billion, resulting in positive shareholders’ equity at RM492.8 million.

If all outstanding RCUIDS and warrants are exercised, the projected shareholders’ equity would be RM1.67 billion following the proposed distribution and disposal of AAB.

Kenanga Investment Bank Bhd highlights anticipated gains from divestment, totaling RM10.8 billion, which is expected to offset the negative shareholder equity and help the company exit the PN17 status.

Have you ever wonder why some of the Singapore-headquartered companies choose to list in the United States, either on the New York Stock Exchange (or NYSE for short), or NASDAQ? even though Singapore has its own stock exchange (in the Singapore Exchange, or SGX for short)?

One of the primary reasons for this is the ability to gain access to a much larger capital pool compared to listing on the stock exchange in its home country. By listing in the United States, the companies will be able to tap into a broader investor base, allowing them to raise significantly more funds.

Liquidity is another factor. If you are familiar with trading on the Singapore market, you will know that only a select few companies have a high trading liquidity. On the other hand, because of the sheer size of the US stock exchanges, the companies listed there have a much better liquidity, and this aids in the ease of buying and selling of shares.

Now you will understand why our Magician wants all of us to fly to New York..

To New York with Loves...

Meow Meow Meow

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3 weeks ago | Report Abuse

Noted SinGor

Mabel think it is a wise decision..

O&G in Malaysia has changed drastically in the last 15 years with the country's oil output declining from its peak of 650,000 barrels per day to 370,000 barrels per day.

Malaysia need Sapnrg...

Meow

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3 weeks ago | Report Abuse

Haha sslee is now under Magician Tony's magic spells after attending AGM.. hihihi

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3 weeks ago | Report Abuse

KUALA LUMPUR (June 6): Sapura Energy Bhd (KL:SAPNRG) has been granted a nine-month extension by the High Court to the Corporate Debt Restructuring Committee (CDRC) deadline of its standstill period, which shields its group of companies from action by its multi-currency financing (MCF) creditors.

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3 weeks ago | Report Abuse

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised.

Yinson is more transparent..

Meow

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3 weeks ago | Report Abuse

Mabel has been waiting at SMA 50 ...RM 4.51

Blonde hair turn white oledi waiting...hihihi..

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3 weeks ago | Report Abuse

OTB I still hold a big portfolio of YTLPower.
No intention to sell them.
I like to keep them for a bit longer term.

When the share price of YTLPower drops, I prefer to keep quiet.
I do not like to bad mouth any stock in I3.
I will add position if the share price drops to a strong support level.

I still stick to my target price at 6.30 in 2024.
Hopefully this target price can be achieved in the second half of 2024.
Good luck.
Thank you.

05/06/2024 5:16 PM

OTB Dear,

Mabel is also waiting to add more...

Can you share what is your support level?

Meow

Stock

3 weeks ago | Report Abuse

joyvest SD is going down today. No matter how many free warrants you have been allocated ,all are worthless in the end as if used toilet papers.....
05/06/2024 7:53 AM

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised.

Meow

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Stock

3 weeks ago | Report Abuse

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

EPS: RM0.18 (up from RM0.15 in 1Q 2023).
Revenue: RM5.22b (up 12% from 1Q 2023).
Net income: RM1.94b (up 18% from 1Q 2023).
Profit margin: 37% (up from 35% in 1Q 2023). The increase in margin was driven by higher revenue.

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%.

Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.

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3 weeks ago | Report Abuse

Broken oledi... Hihihi..

To Our Success

Meow Meow Meow

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3 weeks ago | Report Abuse

Are Water Stocks the Next AI Play?

JPMorgan Predicts Data Centers Will Consume 450 Million Gallons of Water Daily..

Thanks God YTL Power now has water...

Meow Meow Meow

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3 weeks ago | Report Abuse

...and our baby still sleeping...

Hello Ying...

Where are you?

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3 weeks ago | Report Abuse

https://www.straitstimes.com/tech/tech-news/google-s-latest-data-centre-raises-its-investment-in-singapore-to-676-billion?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_AM&utm_term=Google%E2%80%99s+latest+data+centre+raises+its+investment+in+Singapore+to+%246.7+billion&utm_content=04%2F06%2F2024

SINGAPORE - Google has increased its investment in infrastructure in Singapore to US$5 billion ($6.7 billion) with the completion of its fourth data centre here. This is up from US$850 million (S$1.1 billion) in 2022 when its third data centre in the Republic was launched.

Singapore is one of 11 countries where Google currently operates data centres, with the company’s first data centre here launched in 2014 and its second coming online in 2015. Its data centres here are all located in Jurong West.

*On May 30, Google said it would invest US$2 billion in Malaysia to develop its first data centre there*.

Plus few few property names like Gamuda, Sime Prop, Mah Sing, UEM Sunrise and Jakel.

Looks like every wang want to be in Data Centre...

Data centre need Electrict & water. No matters who build, it still need

Huge Electric + Water....

TNB+YTLP+RANHILL.

Meow Meow Meow

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3 weeks ago | Report Abuse

CIMB Group Holdings Bhd reported an 18% increase in net profit for the first quarter compared to the same period last year, driven by faster growth in both interest and non-interest income compared to costs and provisions. The bank recorded a net profit of RM1.94 billion for the three months ending March 31, 2024, up from RM1.64 billion in the same period in 2023. Net interest income experienced a 7.7% YoY growth, reaching RM3.79 billion, while non-interest income surged by 24.5% to RM1.84 billion. CIMB Group did not declare any dividends for the quarter.

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4 weeks ago | Report Abuse

GSX1111 Data centre need Electrict & water.
No matters who build, it still need
Huge Electric + Water.
TNB+YTLP+RANHILL.
02/06/2024 9:08 AM

Yes lah...

Stock

4 weeks ago | Report Abuse

Sslee Who will be next?
How many do we expect to announce next week.
This week we had seen few property names.. Sime Prop, Mah Sing, UEM Sunrise and Jakel.

Anyone counting how much capacity are we building? Or is this just a game to get share prices rallying?
02/06/2024 8:30 AM

Don't forget Gamuda too...hihihi

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4 weeks ago | Report Abuse

Our Yinson seems to be sleeping like a baby..

Stock

4 weeks ago | Report Abuse

Compare to Malaysia’s Top 3 Banks 1Q 2024 Results, BIMB is not doing too bad. Thanks to the constants stream of Pilgrims going to Makkah and Madinah.

MBB Net Profit 2.48B EPS 20.63 sen QoQ +4.2% YoY +9.8%

CIMB Net Profit 1.93B EPS 18.16 sen QoQ +12.9% YoY +17.7%

PBB Net Profit 1.65B EPS 8.52 sen QoQ +2.35% YoY -3.54%

BIMB Net Profit 0.13B EPS 5.7 sen QoQ +9.4% YoY +9.4%

https://www.thestar.com.my/business/business-news/2024/05/21/bank-islam039s-net-profit-rises-to-rm12917mil-in-1q-on-higher-net-income

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1 month ago | Report Abuse

Google to invest US$2b for data centre and cloud region in Malaysia

The Ministry of Investment, Trade and Industry (Miti) said it had secured a commitment by Google to invest US$2 billion (RM9.4 billion) to house the first Google data centre and Google Cloud region in Malaysia.

The site will be located at Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Business Park, in Greater Kuala Lumpur.

In a statement on Thursday, Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz said the data centre will power Google's popular digital services, such as Search, Maps, and Workspace, while also playing an essential role in enabling Google to deliver the benefits of artificial intelligence (Al) to users across the country.

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1 month ago | Report Abuse

Earlier this week, while every wang is looking at YTL Power, Mabel was quietly collecting BIMB. EPF has been selling BIMB like no body business.


Who said Miss BIMB is not so sweet?


Today Miss BIMB make a strong cum back with vengeance caring a strong GREEN FLAG!!!!

To Our Success !

Meow Meow Meow

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1 month ago | Report Abuse

Oldboynewnoob Mabel, still good to pick up? At what price?
30/05/2024 5:02 PM

Mabel is waiting to pick up at RM 6.3...

Kenanga price target is also good at RM 6.28..

The Real Trick To Investing Is — Patience.

To Our Success !

Meow

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1 month ago | Report Abuse

The FKLI Index has traded lower yesterday and is testing the immediate support right within the psychological support of 1,600pts. Selling pressure however was mild with the downside capped as the index formed a “doji” – indicating the ongoing selling pressure has started to ease. Pending a stronger reversal signal, we opine the index could stage a rebound in the near term...

To Our Success!

Captain Mabel Meow

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1 month ago | Report Abuse

xiaoeh Captain Mabel
how high can CapA go...?
31/05/2024 9:26 AM

This is the captain, We have returned to core profitability!

We are targeting RM 1.00

After more than 4 years of continuous core losses, CAPITALA returned to core profitability in 1Q24 or 2 quarters earlier than we expected. The outperformance was largely due to higher-than-expected average fares driven by visa free travel to and from China and India. We raise FY24E/FY25E/FY26E core net profit by MYR384m/MYR143m/MYR143m and our SOP-TP to MYR1.00 from MYR0.94. On another note, CAPITALA ought to have its PN17 classification lifted in 4Q24/1Q25.

Flight Engineer 1: Mr Tiger Bank

Capital A Flight Path from our Flight Engineer 2, Mr Geary...

"Capital A is the first in the world to grow from an airline into five verticals of strong aviation-led businesses. Our immediate strategy now focuses on delivering shareholder value, getting the right organisation structure, and doubling down on our low-cost DNA across the ecosystem. Additionally, we are committed to maximising ecosystem synergies to enhance our performance and create sustainable growth."

"So the next six months will be the defining period for Capital A as we execute our strategic initiatives to address challenges and seize exciting opportunities. At the end of this period, I believe we will have delivered an amazing turnaround - emerging stronger with two strong groups of businesses with immense potential and transformative value creation for our stakeholders."
Tony Fernandez.

CapitalA 200SMA PIVOT Point Momentum!
S1: 0.75.
PIVOT: 0.83.
R1: 0.97.
R2: 1.20.
R3: 1.57.
R4: 1.80.
Mr. Market is Unpredictable!
Dis: Trade at your own Risk!

To Our Success !

Captain Mabel Meow

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1 month ago | Report Abuse

Wow soon Mabel can change name from Mabel Meow to Mabel Rich... Hihihi..

To Our Success

Meow Meow Meow

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1 month ago | Report Abuse

This is the captain, We have returned to core profitability!

After more than 4 years of continuous core losses, CAPITALA returned to core profitability in 1Q24 or 2 quarters earlier than we expected. The outperformance was largely due to higher-than-expected average fares driven by visa free travel to and from China and India. We raise FY24E/FY25E/FY26E core net profit by MYR384m/MYR143m/MYR143m and our SOP-TP to MYR1.00 from MYR0.94. On another note, CAPITALA ought to have its PN17 classification lifted in 4Q24/1Q25.

Message from Tony...

Source: Mabel's Tiger Bank

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1 month ago | Report Abuse

Petronas Chemicals
PCHEM said profit attributable to shareholders jumped to 668 million ringgit in the first quarter, from 532 million ringgit a year earlier.

Basic earnings per share rose to 0.08 ringgit, versus 0.07 ringgit a year ago, according to a Wednesday Malaysian bourse filing.

Revenue, however, slid year over year to 7.50 billion ringgit from 7.56 billion ringgit, the petrochemicals company said.

The board did not recommend a dividend for the period.

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1 month ago | Report Abuse

Finally Mabel Airlines Capital A Berhad’s first-quarter 2024 is out:

• Record-breaking quarter despite only operating 78% of total fleet:
• Revenue exceeds RM5.2 billion
• Over RM1 billion EBITDA
• Net Operating Profit of RM305 million
• Capital A non-aviation businesses contributes over RM620 million or 12% to total Group revenue with EBITDA margin of 13%
• Year-on-Year Growth: These figures represent an impressive 107% increase in revenue and a 105% increase in EBITDA compared to the same period last year.
• Capital A has been a trailblazer in shaping and transforming the travel industry in Asia, making flying affordable for everyone.

CEO of Capital A, Tan Sri Tony Fernandes' comments on the business outlook:

"As I promised last year, we are returning stronger than before. The record-breaking results, powered by our twin engines of growth in the Aviation Group and Capital A Companies, speak volumes about our resilience and growth potential. In the first quarter alone, we have hit multiple new records that culminated in our best-ever quarterly financial performance. This demonstrates the strength and effectiveness of our diversified ecosystem and the momentum we are building.

The Aviation Group reached historic highs for revenue, EBITDA and ancillary income despite operating with over a fifth of our fleet still grounded. Meantime, Capital A Companies generated a stellar half a billion of revenue and a profitable operating performance in just one quarter. I am excited about the rest of the financial year as the Aviation Group returns to full airline capacity and grows our fleet further, with the resulting ecosystem synergies for Capital A Companies.

"We are also gaining momentum in our efforts to unlock the full value of our businesses, both airline and non-airline. We recently announced the proposed divestment of our aviation business to unlock its value as a pure-play business. Next, we will submit the circular to Bursa Malaysia by June and move a step closer to resolving our PN17 status through the submission of our regularisation plan a month later.

"Capital A is the first in the world to grow from an airline into five verticals of strong aviation-led businesses. Our immediate strategy now focuses on delivering shareholder value, getting the right organisation structure, and doubling down on our low-cost DNA across the ecosystem. Additionally, we are committed to maximising ecosystem synergies to enhance our performance and create sustainable growth.

"So the next six months will be the defining period for Capital A as we execute our strategic initiatives to address challenges and seize exciting opportunities. At the end of this period, I believe we will have delivered an amazing turnaround - emerging stronger with two strong groups of businesses with immense potential and transformative value creation for our stakeholders."

https://www.marketscreener.com/quote/stock/AIRASIA-GROUP-6497323/news/AirAsia-CAPITAL-A-FINANCIAL-RESULTS-FIRST-QUARTER-2024-46850870/

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1 month ago | Report Abuse

*Financial skies and the melodic wings of Mr. Mister’s “Broken Wings*.” 🎵

🌟 Capital A’s Financial Flight 🌟

In the realm where balance sheets soar, Where numbers dance and profits roar, Capital A unfurls its wings, A symphony of gains, the market sings.

📈 AAX, once veiled in uncertainty’s haze, Emerges, phoenix-like, from turbulent days. Its fourth quarter, a crescendo of revival, Net profit blooms, a financial survival.

🌐 Singapore Airlines, a seasoned traveler, Navigates skies with poise, a seasoned traveler. Their net loss, once tempest-tossed and grim, Now narrows, as restrictions loosen their grip.

🎶 Mr. Mister, your “Broken Wings” echo, In boardrooms where analysts’ eyes glow. Capital A, like your wounded bird, mends, As investors await results, hearts on the mend.

🔍 Mabel Airlines, the mover of tides, Whispers secrets to the moon as it glides. And Capital A? Ah, its wingspan unfurls, A financial tale etched in market swirls.

🎩 Investors, like magicians, read the signs, In quarterly reports, they seek the divine. Will Capital A soar, or falter and sway? The answer, my friend, lies in the day.

🌠 Broken Wings, a metaphor we embrace, For stocks that stumble, then find their grace. Capital A, AAX, and Singapore’s flight, Together they dance, in financial twilight.

Note: The financial results of Capital A and AAX are real, while the poetic interpretation is a whimsical flight of fancy. 🌙✨

Listen to “Broken Wings” here 🎧
https://www.youtube.com/watch?v=nKhN1t_7PEY

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1 month ago | Report Abuse

Pandu1 Let sleep n let the aircraft fly. Even with turbulence but nobody will hurt........ Bravo airasia planes n pilots.
28/05/2024 3:13 PM

Cheers Pandu1

Please to see that Mabel Airlines is the biggest mover today. With AAX Result is already out, all of us is now waiting patiently for Capital A Result which will be announced this week. If you follow the trend for Singapore Airlines it should be good....

Captain Mabel Meow....

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1 month ago | Report Abuse

KUALA LUMPUR: AirAsia group of airlines, including medium-haul affiliate airlines AirAsia X and Thai AirAsia X, has bagged the Top Low-Cost Carrier in Asia for 2024 award by AirlineRatings.com in its annual Airline Excellence Awards.

The group and its affiliate medium-haul airlines have re-written the rule book for airlines in Asia and beyond, and today, we have over 255 aircraft flying to over 165 destinations

"The proposed divestment of the AirAsia Aviation Group of airlines from Capital A to AirAsia X is on track and will be a game changer in the industry to ensure significantly more high quality, low-cost air travel for short-, medium- and long-haul flights connecting Asia and the Asia Pacific to the world at the very best cost,” Tony said.

Meanwhile, AirlineRatings.com editor-in-chief Geoffrey Thomas said that the win was "richly deserved” as these airlines have made travel affordable for nearly 800 million passengers throughout Asia and the Asia Pacific, and they offer outstanding value and a great experience.

https://www.thestar.com.my/business/business-news/2024/05/28/airasia-wins-top-low-cost-carrier-in-asia-2024-award

Captain Mabel Meow

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1 month ago | Report Abuse

From Beijing with love

After a lackluster FY23A, the Chinese market drove 1Q24 results to way above our expectations. We maintain our earnings estimates pending a meeting with management. Note that we have yet to impute any upside from the upcoming acquisition of CAPITALAs 4 airlines and contribution from TAAX. We roll forward valuation, pegging on 7x FY25E PER (industry average ex-Interglobe, Spring and VietJet) from 8x FY24E PER and raise our TP to MYR1.88 from MYR1.52.

Additionally, the group is also assessing new destinations to be incorporated into its network and apart from most recently Central Asia, the group looks forward to bridging the connectivity for more regions soon.

“This tracks the group’s growth and expansion strategy, in line with its ongoing engagement with Capital A for the proposed acquisition of the latter’s aviation business, encompassing airlines such as AirAsia Malaysia Bhd and AirAsia Aviation Group Ltd which in turn includes Thai AirAsia, Indonesia AirAsia and Philippines AirAsia,” it said.

https://www.thestar.com.my/business/business-news/2024/05/28/aax-1q-revenue-up-656

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1 month ago | Report Abuse

Wow Good information raymond...

Meow Meow Meow

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1 month ago | Report Abuse

Wow our Prince YTL Power is turning into Bruce Lee...

Be like water ....my friends....

Meow Meow Meow

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1 month ago | Report Abuse

*YTL Power stock skyrocketed over sixfold in two years: how to decode its earnings*

YTL Power has been one of the top-performing stocks in the Malaysian market over the past two years. In 2023, its share price jumped 268%, and by 2024, it nearly doubled again. In less than two years, YTL Power's stock surged over sixfold, with its market value briefly surpassing RM 40 billion.

What’s behind this remarkable growth?

Core business: YTL Power’s primary revenue and profit driver is its power generation business. YTL PowerSeraya, a subsidiary in Singapore is expected to increase the revenue of YTL Power’s Singapore operations, accounting for about 1.5% of Singapore's peak electricity demand.

Potential growth areas: These include the new electricity purchase from Malaysia by YTL PowerSeraya, the new waste-to-energy plant, the EV charging station project, and the highly anticipated data center project.

At the end of 2023, YTL Power announced a partnership with NVIDIA to invest RM 20 billion in building an AI data center in Johor, Malaysia. The facility, expected to house the fastest supercomputer in Malaysia by mid-2024, could start generating revenue by the end of 2024. Additionally, the company plans to develop a large-scale solar power facility with a capacity of up to 500MW to supply the data center, representing another potential growth area.

The booming AI industry heavily relies on significant computing power, underpinned by electricity. By leveraging its core strength in power generation, YTL Power is making a strategic shift towards green energy while tapping into the AI sector's growth, unlocking strong potential growth opportunities.

Financial risks: Currently, YTL Power maintains good profitability, keeping financial risks relatively under control. However, the expansion plans mentioned above, such as new power plants, require substantial capital investments. Currently, YTL Power's debt ratio is already high. The expansion of several future projects may further increase the debt ratio, raising financial risks. Therefore, in future financial reports, it's crucial to closely monitor YTL Power's financial risk levels. If the debt ratio rises significantly while net profit does not keep pace, it may be a cause for concern.

To Our Success !

Meow

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1 month ago | Report Abuse

https://edition.cnn.com/2024/05/17/business/singapore-airlines-staff-bonus-ink-intl/index.html

World Best Airlines pay excellence Bonus and Dividends..

Expecting nothing less from the World Best Low Cost Airlines ...during Pre C19 times when the company was doing well Tony was very generous with AirAsia announces special dividend of 90 sen a share equivalent to 34%..

Yes, the more the merrier...

Meow

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1 month ago | Report Abuse

jeffchan1901 @Mabel Do you happen to have a copy of the HLIB report? Can share pls?
26/05/2024 2:52 AM


It was taken from here jeff!

Meow


#iscmob HLIB:
"Outlook.
Given the recent heatwave phenomenon, we expect stronger demand for power and pool prices in Singapore, benefiting PowerSeraya in 4QFY24 (similar to the occurrence in 4QFY23). Attarat continued to deliver strong contributions of RM86m in 3QFY24. We expect Attarat’s earnings to gradually improve as the associate pares down external loans (RM5.7bn as of end FY23) over the next 8 years (until 2032). Wessex will be reporting a turnaround in 4QFY24 due to the effective 12% tariff hike in Apr-24 and the subsiding impact from UK’s inflationary index. Wessex is also due to enter into a new regulatory period (2025-2030), which will provide higher allowable returns with higher asset base. YesCom is commencing on Sabah projects, which will improve its P&L in the near term, while progressing on AI-DC (total 100MW), commencing in phases starting end-2024/early-2025. The construction of YTL-DC is also progressing on schedule, with phase 1 for Sea Limited commenced operations in May-2024. Another 2 DCs (total 100MW) are under construction and expected to complete by end-2024. Earnings from DC/AI-DC is expected to be substantial from FY25 onwards and the group has a strong advantage as NVidia’s preferred partner in Malaysia for AI-Could service provider vs other DC owners (difficult and costly to convert a conventional DC to an AI-DC infrastructure).

Forecast.
Raised forecasts for FY25 by 5.2% and FY26 by 16.4% as we incorporate earnings contribution from DC and AI DC.

Maintain BUY, TP: RM7.45.
We reiterate our BUY recommendation, with a higher TP: RM7.45 (from RM5.55), based on 10% discount to FD SOP: RM8.28, as we believe the current PE valuation remains undemanding (vs Tenaga and PGas) with potential dividend upside. Upcoming earnings will be further boosted by Wessex’s turnaround and maiden DC/AI-DC contributions."
24/05/2024 2:43 PM

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1 month ago | Report Abuse

This is exactly how our Francis will bring his YTLP to HLIB Forecast...

Maintain BUY, TP: RM7.45.
We reiterate our BUY recommendation, with a higher TP: RM7.45 (from RM5.55), based on 10% discount to FD SOP: RM8.28, as we believe the current PE valuation remains undemanding (vs Tenaga and PGas) with potential dividend upside. Upcoming earnings will be further boosted by Wessex’s turnaround and maiden DC/AI-DC contributions."

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1 month ago | Report Abuse

This is definitely the Romance of the Century...YTLP and Nvidia...

Cheers Up Guys....

Only Malaysians and Singaporeans are world champion in this English!!!

Ah Huat and an Englishman were asked to make a sentence using 1, 2, 3, 4, 5, 6, 7, 8, 9,10.

The Englishman tried very hard but could not do it. Then the Englishman turned to Ah Huat and very confidently said, "If I cannot do this, I am very sure that this would be way beyond your ability."

Ah Huat thought for a while and this was what he came up with............

1 day I went 2 climb a 3 outside a house to peep. The couple in the house saw me. So, I panic and 4 down. The man rushed out and wanted to 5 with me. I ran until I fell 6 and threw up. So, I ran into a 7-eleven and grabbed some 8 to throw at him. Then I took a 9 and tried to stab at him. 10 God he ran away.

10, I put the 9 back and paid for the 8 and left 7-eleven. Next day I called my boss and told him I was 6. He said 5 , tomorrow also no need to come back 4 work. He also asked me to go and climb a 3 and jump down! I don't understand. I am so nice 2 him but I don't know what he 1.

The Englishman fainted!

( Even an Englishman can't construct sentences using numeric. This ability is exclusive only to Malaysians and Singaporeans! )

Meow

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1 month ago | Report Abuse

Summing up: Romance of the Century…

Only Malaysians and Singaporeans are world champion in this English!!!

Ah Huat and an Englishman were asked to make a sentence using 1, 2, 3, 4, 5, 6, 7, 8, 9,10.

The Englishman tried very hard but could not do it. Then the Englishman turned to Ah Huat and very confidently said, "If I cannot do this, I am very sure that this would be way beyond your ability."

Ah Huat thought for a while and this was what he came up with............

1 day I went 2 climb a 3 outside a house to peep. The couple in the house saw me. So, I panic and 4 down. The man rushed out and wanted to 5 with me. I ran until I fell 6 and threw up. So, I ran into a 7-eleven and grabbed some 8 to throw at him. Then I took a 9 and tried to stab at him. 10 God he ran away.

10, I put the 9 back and paid for the 8 and left 7-eleven. Next day I called my boss and told him I was 6. He said 5 , tomorrow also no need to come back 4 work. He also asked me to go and climb a 3 and jump down! I don't understand. I am so nice 2 him but I don't know what he 1.

The Englishman fainted!

( Even an Englishman can't construct sentences using numeric. This ability is exclusive only to Malaysians and Singaporeans! )

Meow

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1 month ago | Report Abuse

Mabel Singapore Airlines has taken a hit from the recent misadventure at the Bay of Bengal. The incident was due to Natural Disaster and claimable by Insurance. The rest of SIA Group are not affected by this misadventure. SIA has announced new SOP during flight turbulence for future “damage control”. The Temasek Princess always rise to the occasion when it matters.

Meanwhile Weather forcast for Mabel PN 17 Capital A as we closing in to earning announcement next week..

CapitalA 200SMA PIVOT Point Momentum!
S: 0.85.
PIVOT: 0.90.
R1: 1.05.
R2: 1.30.
R3: 1.70.
Mr. Market is Unpredictable!
Dis: Trade at your own Risk!

To Our Success !

Captain Mabel Meow

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1 month ago | Report Abuse

Meow Meow Meow

Same here DividendGuy67

To Our Success !