China can help Malaysia with EV plants startups…

When it comes to Malaysia's transportation sector, electrification is no doubt the most viable way to decarbonise and help the country achieve its net zero goals by 2050. This will be especially impactful with the electrification of fleet vehicles as well as public transportation.

XPeng can also be an investor in Bermaz, just as VW invests in Rivian….
https://www.cnbc.com/2024/06/25/volkswagen-rivian-stake.html

Bermaz can also initiate an EV production plant of XPeng G6 EVs for exports to US , EU n Asia?

https://www.reuters.com/markets/chinese-companies-seek-assurances-malaysia-avoiding-us-tariffs-ft-reports-2024-06-25/

Malaysia has aimed for EVs to account for 15% of the total industry volume (TIV) by 2030 and 80% by 2050.
Very unlikely can achieve such targets, probably only 15%.....
Consumers have given up on EVs in USA.....only in California
https://www.youtube.com/watch?v=OprBrJ2qrnM

BAuto FY25 drivers....
√ Philippine car sales
√ Kia Electrics
√ XPeng Electrics
√ Mazda Hybrids

Positive Economic transformation starts in Malaysia....
√ Diesel n Petrol price increase Jun 2024- June 2025
√ Consumption, car sales, traffic jams, parking rates, etc. will also increase....

BAuto results better than expected….
Gross Profits FY24 vs FY23….
Malaysia +30M or up 9%
Philippines +30M or up 97%
Associates(Inokom) +11M up 28%

Overall Net Profits +50.5 M or up 15%
Dividend per year at 26 sen is better than last year 22 sen

Let it ride….FY25 will be electrifying as fuel price n inflation heats up….

Tan Teng Boo @CapitalDynamics is optimistic on China, on EVs, on autonomous driving and on XPeng EV G6....
XPeng G6 to be launched soon.
BAuto is now on autonomous driving with one foot on the Forward gear (XPeng & Kia EVs) and another foot on the Reverse gear (Mazda SUVs).....

https://youtube.com/clip/UgkxVuCpjVSkBcItQI48vyIMD4qYsOvJxEwC?si=vnBHRf3Q-ksGQU14

Malaysia’s TIV, which is estimated to have grown by 20.7% to about 70,000 units in May, and rose by 8.8% to 330,236 units year-to-date.

Proton has announced its car sales have gone up by 14% in May.
No news yet from Mazda, Perodua, Toyota, etc......

Proton Edar Sdn Bhd chief executive officer Roslan Abdullah said May saw a return to positive growth as TIV increased both year-on-year and month-on-month basis, reflecting the resilience of the local automotive industry.

“With the cumulative TIV until May already making up 44.6 per cent of Malaysia Automotive Association (MAA)’s full-year projection of 740,000 units, we believe there is still room for growth in the local automotive industry,” he opined.

Malaysia TIV (Total Industry Vehicles)
2023 (Feb-Apr) =190,244 vehicles
2024 (Feb-Apr) =193,333 vehicle
In Malaysia, number of cars sold in 4QFY24 are about the same as 4QFY23.
Likely similar revenue for BAuto of about RM 1B. for 4QFY24.

In the first quarter of 2024, the GDP of the Philippines grew by 5.7% compared to the same period in the previous year. This growth was driven primarily by the financial and insurance activities sector, which grew by 10%, as well as the wholesale and retail trade, and the repair of motor vehicles and motorcycles sector, which expanded by 6.4%. The manufacturing sector also contributed with a growth of 4.5%.

We also have growth in Malaysia....more in traffic jams...

On ESOS shrs for employees...
perhaps BAuto can look into rewarding more ESOS for employees based on merit rating on performance. Like for Bermaz Philippines CEO & team that has performed extremely well in FY24 vs FY23. As todate 9 mths FY24, Bermaz Philippines has already exceeded the 12 mths FY23's revenue by some rm50 M. So, we can some expect some 60% increase in revenue contribution from Bermaz Philippines for FY24. Such CEO & team should be rewarded exemplarily....

https://www.autodeal.com.ph/articles/car-features/mazda-leads-in-after-sales-service-satisfaction-2023-can-2024-surpass

Yes, the high car sales in Malaysia in 2023 compared to 2022 can be attributed significantly to the exemption of the Government's Sales and Services Tax (SST) on cars. The SST exemption was a policy introduced to stimulate the automotive industry, especially in the wake of the economic challenges posed by the COVID-19 pandemic. This tax incentive effectively reduced the cost of purchasing a vehicle, making it more attractive for consumers to buy cars.

Here are some key points that explain this trend:

SST Exemption Policy: The Malaysian government reintroduced the SST exemption for cars as a measure to boost the automotive sector. This exemption effectively reduced the overall price of new cars, encouraging more people to make purchases.

Economic Recovery: As the economy started to recover from the impacts of the pandemic, consumer confidence improved, and people were more willing to spend on big-ticket items like cars.

Pent-Up Demand: There was a significant pent-up demand from consumers who delayed their car purchases during the pandemic years. With the SST exemption and improved economic conditions, many chose to buy cars in 2023.

Automotive Industry Support: The government and automotive industry stakeholders, including car manufacturers and dealers, actively promoted the benefits of the SST exemption, further driving sales.

Overall, the combination of the SST exemption, economic recovery, and pent-up demand played a crucial role in driving the unusually high car sales in Malaysia in 2023 compared to 2022.

golden cross 20 days x 50 days....better days ahead?

https://www.dsf.my/2024/05/xpeng-g6-electric-suv-launch-in-august-with-rm180k-possible-price/

A good replacement to go EV....

https://soyacincau.com/2024/03/15/xpeng-ev-coming-to-malaysia-bermaz/#:~:text=XPeng%3A%20Another%20Chinese%20EV%20maker%20is%20coming%20to%20Malaysia&text=Chinese%20electric%20vehicle%20maker%20XPeng,of%20XPeng%20in%20our%20market.

https://www.reuters.com/business/autos-transportation/volkswagen-xpeng-ink-deal-develop-two-b-class-battery-evs-2024-02-29/

Bermaz Auto Bhd (BAuto) awarded the distributorship and rights for the sale of spare parts and provision of after-sales services of China’s XPeng smart electric vehicles (EVs) in Malaysia....

https://www.freemalaysiatoday.com/category/business/2024/03/15/bermaz-auto-gets-buy-call-after-xpeng-deal/

Expect more options and more new car launches in 2H2024

Watch Bermaz Auto Philippines performance on sales of Mazda cars for FY24…
…..a 100% increase yoy

Is valuation of Pekat a bit stretched above PE 30?
SLVest is currently above PE 35 and Samaiden PE 50...
Which sponsor can perform n deliver?

Air Conditioning and AI Are Demanding More of the World’s Power—Renewables Can’t Keep Up.
Renewables can’t keep up with growth, which means more coal and more emissions............

https://www.wsj.com/business/energy-oil/air-conditioning-and-ai-are-demanding-more-of-the-worlds-powerrenewables-cant-keep-up-987a58f3?mod=business_feat3_energy-oil_pos2

Malaysian homebuyers surging interest in solar panels because of heat wave and new electric cars? Imported pets and young children need air-conditioning whole day?
What's next? All playschools & schools need air-conditioned classrooms too?
Welcome to New Malaysia...a tropical isle that never runs out of energy...

https://www.businesstoday.com.my/2024/04/23/17-surge-in-homebuyer-enquiries-for-solar-homes-amidst-malaysias-heat-wave/

SLVEST, SAMAIDEN & SUNVIEW's results all seems to stall due mainly to the competitive pricing of PPA of the LSS4 solar projects? A proper rework may be needed before launching the LSS5...

The cabinet has just approved the expansion plans for the Penang airport (RM 1B).

https://www.thestar.com.my/news/nation/2024/02/27/green-light-for-penang-international-airport-expansion-project

Ten years ago in 2014, Tan Sri Bashir installed solar power on KLIA that generated 26MW of energy that saved more than RM 2M of energy costs per year...plus other green technology that put KLIA and KLIA2 the most energy-efficient airport in Malaysia.

Today, let's watch how energy-efficient is the new Airports(MAHB) team...knowing that...
Penang is a major industrial hub, contributing significantly to the national economy and relying solely on an aging power plant (Sultan Abdul Halim power station) that has faced several power outages. There are major concerns on its reliability and potential power disruptions....

The future energy sufficiency of Penang for its factories and International airport depends on the successful implementation of these solutions and the ability to meet the ever-increasing demand of green energy....

Locally, MFCB and Pekat Bhd have established a 55:45 joint venture (JV) called MFP Solar Sdn Bhd to undertake solar projects of up to 10MW in Malaysia, believed to give far better investment returns of 10% to 12%. MFP Solar would be an engineering, procurement, construction and commissioning contractor to undertake the installation of solar power projects on rooftops of industrial and commercial buildings under various models, namely build–operate–transfer, outright sale or leasing. MFCB would ride on Pekat Teknologi’s vast experience in the solar industry. For a start, the JV intends to tap multinational companies for opportunities.

In 2022, MPF-Pekat installed solar PV on 16 sewage plants of IWK (project value RM18.1 million of estimated energy generation: 8 GWh per annum).

https://themalaysianreserve.com/2021/09/01/pekat-secures-contract-worth-rm18-1m-to-build-solar-pv-system-for-iwk/

Lots more of IWK sewage plants need solar PV to run the pumps .... if it works, just execute...

https://www.malaymail.com/news/malaysia/2023/11/21/natural-resources-minister-396-iwk-sewage-treatment-plants-selected-for-solar-pv-tech-phase-1/103330

If you want EVs (electric vehicles), you'll need a solar PV for your home.....
...and on your charging stations....

https://www.businesstoday.com.my/2024/02/25/tnb-shifts-30-of-fleet-to-evs-plans-500-charging-stations-by-2025/

Is the solar panel industry a growth sector in Malaysia this year?

G Gemini: Yes, the solar panel industry is expected to be a strong growth sector in Malaysia in 2024 and beyond. Here are some of the factors driving this growth:

Government support: The Malaysian government has ambitious renewable energy targets and has implemented various policies to support the solar industry, such as the Net Energy Metering (NEM) program and the Large Scale Solar (LSS) program. These programs provide financial incentives for businesses and individuals to install solar panels.

Declining solar panel costs: The cost of solar panels has been declining steadily over the past few years, making them more affordable for businesses and individuals.

Increasing awareness of climate change: Malaysians are becoming increasingly aware of the need to address climate change, and solar energy is seen as a clean and sustainable alternative to fossil fuels.

Strong economic growth: Malaysia's economy is expected to grow by around 4% in 2024, which will boost demand for energy. Solar energy can help to meet this demand in a sustainable way.

Here are some of the specific predictions for the growth of the solar panel industry in Malaysia:

Mordor Intelligence predicts that the Malaysian solar energy market will grow at a CAGR of more than 9% during the period 2023-2028.

HLIB Research expects the renewable energy industry in Malaysia to see strong growth in 2024, driven by the Corporate Green Power Programme (CGPP), which is expected to generate between RM2.7 billion to RM3 billion of EPCC contract flows.

Overall, the outlook for the solar panel industry in Malaysia is very positive. The government's support, declining costs, and increasing awareness of climate change are all factors that are likely to drive growth in the sector in the coming years.

Which country is the largest producer and consumer of energy and also solar energy? China.
Which country is the largest producer of petroleum? USA.

https://oilprice.com/Alternative-Energy/Solar-Energy/Could-Solar-Power-Become-Americas-Leading-Electricity-Source.html

Pekat - a sustainable business with sustainable projects...
Projects secured for 2024 - Tok Bali Kelantan 1MWp, Kuala Penyu Sabah 1.7MWp, Hybrid solar PV at Langsat CSTP Kajang, Off-Grid solar PV system at Setapak Central Mall, with MPF-Solar 6.5MWp, and the development of a 29.99-MWac solar power plant project under the corporate green power programme (CGPP) conducted by the Energy Commission.

The complex relationship between Islamists and Christians has spanned centuries, marked by a mixture of cooperation, conflict, and mutual influence.
It's better to take a stance of "Marie, let the eat cake..."

WASHINGTON, Dec 20 (Reuters) - Toyota Motor (7203.T) said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed.

If Japan halt sales of Daihatsu & Toyota small cars, will Malaysia do the same?

Just a Christmas wish.....
EPF holds some 156.5 m shrs - another 17 m shrs more and it will be the top shareholder.
EPF together with PNB, Tabung Haji n KWP already own almost one-third of total shareholdings.
Together, can they make a 'mandatory general offer' for a takeover to complete the big picture?

est profit 114m as sales improved by 14%

‘tis ChristMaz season…and in e-madani support…
Tan Sri Dato Sri may give 12 sen div on 12.12.

Tesla??! Try driving the new Model 3…it’s just like using your smartphone while you’re driving…
You’ll notice there aren't the usual left-right indicator stalks on the steering column. The turn signals have been replaced by 2 tiny buttons on the left side of the steering wheel. That's the part that people seem to be most mad about…imaging you need to look at your steering wheel just to turn on a roundabout. For a left hand drive on a roundabout in China, you’d be looking down at your dic…

Why you don't see many American cars in Malaysia....
https://youtu.be/V6Qimcb6Wxs?si=aE5dGJT2rrTdPqr4

Bermaz and Peugeot parted ways - 'tis good as it's not a fit for BA strategy.
Peugeot is a very low profit and low margin marque and that's a drag to the momentum & resources of BAuto.
Kia will provide the electric range for the future and Mazda the ICE & hybrids as an alternative.
We will see whether the World is right about electric cars or the Japanese sleep walking to the future with ICE & hybrid cars. Whatever the case, Bermaz has both legs on the road...

Results of LayHong not so eggciting...
First half revenue this year less than last year!

This yr qtr3 results include extraordinary gain of RM28M from disposal of property....
that means own car sales not so great, only associates make more gains...

Japan (Daihatsu & Toyota included) are holding back as the world rushes into electric cars... Japan have their reasons to progress slowly and this stance may be on the wrong side of market trends...
Japan has problems with electricity supply for decades, but Malaysia do not.
Sarawak has the cheapest electricity rates and can even export electricity...
Unless Daihatsu make small electric cars for MBMR, we would be stuck in this petrol subsidy conundrum for ages...and imagine its boundless leakages that are simply unsustainable.

Results for total 3 qtrs (Jan-Sep) not so exciting…
2022 Rev RM 1.6 B, NProfit 246 M.
2023 Rev RM 1.7 B, NProfit 260 M.
Annual improvement of 6%, only to cover inflation…

TSC has only one good customer... Singapore!
With the current price ceiling on eggs, how are the local poultry players going to perform when feed prices go up? Where's the upside 3 months from now when the subsidy is withdrawn?
Ask your wife, have the designer egg prices changed in the past 6 months?

RHB...also no mention of egg exports to Hong Kong, fresh n cooked eggs?
Malaysia's export of eggs to Hong Kong has doubled since 2020?

RHB, ESG......no mention on solar PV investment every year since 2019 and its savings to the company’s electricity costs and contribution to the global environment conservation efforts?

https://theedgemalaysia.com/node/689989
Forex gain alone from 2015 to 2023 is 30%.
Good2give dividends quarterly for momentum...

https://theedgemalaysia.com/node/688825

In total, the Terengganu state-controlled group is required to pay RM275.93 million, a figure that nearly matches its entire market capitalization of RM293 million.

In 2019 report stated TS produced 4 M eggs from 24 farms.
In 2022 report still same 4 M eggs and same number of farms.
Where all the CapEx go???

I's called a 'green' loan if you secured a loan to refinance an existing loan...
.... (reduce, reuse and recycle)
.... if doesn't work, try rights issue

Decarbonising the World's Industries : The Next Frontier....to a low carbon future!

Synthetic Fuels to decarbonizing the Industries:
Once you have captured CO2 and with produced hydrogen, they can be used as feedstocks in a Fischer-Tropsch synthesis process. This synthesis is a well-established technology used to convert syngas (a mixture of CO and H2) into liquid hydrocarbons, such as synthetic diesel, gasoline and aviation fuels..... that can be used in existing combustion engines n transportation infrastructure without significant modification

Shorties dropped pants, cut positions by 10M shrs in 2 days...

Key Insights on BAB
Using the 2 Stage Free Cash Flow to Equity, Armada fair value estimate is RM0.87
Armada's RM0.53 share price signals that it might be 39% undervalued.
Our fair value estimate is 40% higher than analyst price target of RM0.62

Perhaps, it's time to start the gamestopping as shorties have reduced their positions by 11% over the past week.
Brent price will firm up further until end of year as Saudi n Russia continue squeezing oil supply....