Hi Tony, I spent a bit of time this morning delving into what possibilities the recent announcement can perhaps offer.
Without knowing what's in the Agreement we can only speculate, however a few things caught my attention.

From the announcement......"On Site Services is desirous of procuring a standardised design and common pricing for the supply, construction and commissioning for build-to-suit sites, colocation upgrades, managed service sites and other related work for its operations in Malaysia (“Project”)."

Also......"to provide the scope of works as specified in the Responsibility Matrix, Scope of Work & Technical Specifications, Design Optimisation as stipulated in the Agreement in respect of each order made or commissioned by On Site Services (via a Purchase Order issued by On Site Services) together with all accompanying warranty, maintenance, support and services based on the terms and conditions of the Agreement."

So can we assume from those two extracts from the announcement that edotco no longer want to build the towers and that the work goes to another company (PTrans) to build and maintain the sites, although the towers would still be owned by edotco. If that is the case, then it opens up an opportunity for a fairly substantial business moving forward.

When you look at the current number of towers/sites they own and the amount they want to establish over the upcoming years it is very substantial indeed.

I'd suggest reading their Malaysian website to see the significance of the numbers they are looking at installing.
https://edotcogroup.com/malaysia

"With a portfolio of over 19,000 towers and managed sites, we have developed our built-to-suit and co-location offerings to enable telecommunications providers to efficiently meet their growing infrastructure requirements."

Of course, the devil is in the detail, so hopefully the company will give out more information as this is being established.

Unusually high volume going through the WA's today.
Pass the parcel or a precursor to the mother making a move?

Perhaps worth watching for increasing volume in the mother share.

"the Board of Directors of Classita wishes to announce that the Malaysian Anti-Corruption Commission (MACC) had completed their investigation without any charge being made against the Company. Besides, MACC had also unfreeze the operational accounts of the Company and its subsidiaries."

Current situation, Tony?

hmmmmm, interesting.

MASTER FRAMEWORK AGREEMENT BETWEEN PTRANS RESOURCES SDN BHD AND ON SITE SERVICES SDN BHD

The Board of Directors of Perak Transit Berhad (“PTRANS” or the “Company”) wishes to announce that PTRANS Resources Sdn Bhd (“PTRANS Resources”), a wholly-owned subsidiary of the Company, has on 7 December 2022 entered into a Master Framework Agreement (“Agreement”) with On Site Services Sdn Bhd [Registration No. 201701046243 (1260419-D)] (“On Site Services”), a 79% subsidiary of edotco Malaysia Sdn Bhd, to provide the services and solutions to deliver the Project, as further defined hereinafter, for On Site Services.

On Site Services is desirous of procuring a standardised design and common pricing for the supply, construction and commissioning for build-to-suit sites, colocation upgrades, managed service sites and other related work for its operations in Malaysia (“Project”).

The Agreement was entered into pursuant to the proposed solution and approach by PTRANS Resources in addressing the requirements of On Site Services for the Project. Pursuant to the Agreement, PTRANS Resources undertakes to provide the scope of works as specified in the Responsibility Matrix, Scope of Work & Technical Specifications, Design Optimisation as stipulated in the Agreement in respect of each order made or commissioned by On Site Services (via a Purchase Order issued by On Site Services) together with all accompanying warranty, maintenance, support and services based on the terms and conditions of the Agreement. For the avoidance of doubt, all orders will only be triggered upon issuance of Purchase Order by On Site Services, at its sole discretion, pursuant to the terms and conditions of the Agreement.

The entry into the Agreement by PTRANS Resources allows PTRANS to provide construction and engineering services to On Site Services for the construction of telecommunication towers. This is in line with PTRANS’ strategy to pursue new business opportunities to increase the Group’s revenue stream and enhance the Group’s profitability. The Agreement also allows the Group to diversify its earning base and reduce dependency on existing businesses.

The Agreement is not subject to the approval of the shareholders of PTRANS.

None of the directors, major shareholders of PTRANS and/or persons connected to them has any interest, direct or indirect, in the Agreement.

The Directors of PTRANS are of the opinion that the entry into the Agreement is in the best interest of the Company and of the Group.

This announcement is dated 7 December 2022.

Maybe.....just maybe this might be the start of the banks finally making the predicted upward move.

RHB needs to break 5.70 to start to look interesting.

I'm expecting some end of year window dressing in some sectors over the next few weeks. I'm already scratching my head as to why the banks have been lacklustre recently, particularly after reporting solid quarterlies, so I will be even more perplexed if they don't move upwards over the immediate short term.

Hope is not an investment strategy, although I'm hoping the banks start to make a move in the upcoming week :)

Kim Sua, I think you meant the decline of the US$.

For reference, the article I took the quote from in my previous post.

https://www.freemalaysiatoday.com/category/nation/2022/12/03/mohamad-hopes-strengthening-of-ringgit-will-lower-food-import-costs/

Hi KimSua, I like your optimism but I think it's a bit too early to bring out the balloons and party poppers.

Although I think we may see a mildly stronger KLCI in the short term, possibly most of it will come from window dressing in some sectors leading up to year end and also a small amount from hope that a new government might start making a difference.

We also need to separate the facts from the bullshit. As an example I've just read a news report quoting Mat Sabu's thoughts on the strength of the Ringgit and citing it's recent move caused by the new government. (see below).

Mat Sabu stated..."The change of government and the appointment of the prime minister (Anwar Ibrahim) have led to a sharp increase in the strength of our currency. We hope this will be maintained and continue to improve in the future.
The cost of food imports will be cheaper if our currency continues to strengthen. That is our hope and the increase is indeed incredible within 10 days after the election,”

Let's be brutally frank, that is bullshit.

The MAIN reason the Ringgit has strengthened is due to the US Dollar weakening. In the past month it has fallen from 1.14 to 1.04. If the US$ Index was to remain at 1.04 and the Ringgit keeps getting stronger then I'd be more of a believer :)

For me it's far too early to speculate on how the market will perform next year, as there is still a strong possibility of very serious headwinds.
For now, I'd be more than happy to see a mini rally in the KLCI from now to the end of the year or mid January 2023.

yep, Deekay........almost 1.4 million went through at 9.50 during the closing auction.

@Prudentinvestor, yep its got me scratching my head why the banks are lacklustre today. I was expecting a move from all of them on the back of very good results but they sit there like a stale bottles of piss.

Surely it's a matter of when and not if they eventually get moved up by the Funds.

yewnamhung,

I did a technical analysis about two weeks ago. If you are interested then scroll back in this thread.

Cheers.

Good volume again in the first half hour, 820K.

4.1 million of today's total Tenaga volume done in the closing auction.

13 million of RHB's total volume done in the closing auction.
I don't have the auction volumes for the other banks but it's clear they are also high volume in the auction.

I'm assuming the rise over the last two days and the hot close this afternoon is due to the MSCI November 30 rebalancing.
Banks have been lacklustre today after reporting solid quarterlies yesterday, again probably due to the same reason. Perhaps banks will get off their backside now that the rebalancing is completed today.

There will be a dividend attached to the next quarterly, so not payable in 2022.

Good solid results, shareholders should be content with the headline figures.

It continues to baffle me why this bank is trading below Rm6.

So far, a big volume day for Tenaga.
Has this puppy turned the corner?

Hi cwc1981, I foubt your quota idea would work, especially for petrol. Can you imagine the black market goons storing cans of petrol in their sheds?.......lol......I can picture it now, massive blazes across Malaysia :)

Malaysians have to face the reality of paying what it costs for electricity, with the vunerable being given some sort of protection, within limits. That's just a fact of life.......sorry for appearing too cynical but people need to take more responsibility of their lives.

Where's the responsibility of having 5 or 10 kids if you only earn Rm1,500 a month?

Perhaps I'm being too harsh?

Reasonable volume in the first half hour of trade, 900K.
Will it be able to break 8.90 and move into the 8.90 to 9.20/9.25 region in upcoming days?

Or more to the point,will the Funds take it there?

I see George deleted his earlier post.
Just a reminder to those who didn't see it.........

George says...."New lineup just announced! So Zahid Hamidi got double reward from Anwar! DPM and another important ministry under Zahid! Where is the reform agenda, totally thrown out! "

Fear of legal action, Georgie boy?

What are you up to, George/ Tobby?

What is your agenda and motivation to lie about a "New lineup just announced!" ?

Deception is a chargeable offence. Be careful.

"George111

New lineup just announced! So Zahid Hamidi got double reward from Anwar! DPM and another important ministry under Zahid! Where is the reform agenda, totally thrown out!

1 hour ago"

They don't have to reinvent the wheel here regarding subsidies.

Other countries have been doing it for decades for those who need assistance with their utility bills, etc., so there should be no reason to be bogged down with semantics. Just get on with it.

The previous guy who was impersonating to look like a Finance Minister had been going on about it for over six months and it was still too hard for him to do..........err, hmmmmm....perhaps it was because an election was looming....could that have been the reason?

Of course it was.

Copy and paste whatever is shown to be practical in other nations and perhaps adjust it if you believe it can be marginally improved. Whatever scheme is implemented won't be liked by all, that's always going to be the case but at least a decision would have been made for a fairer system of subsidising.

There is no point in being like the previous Finance Minister doing "studies" for at least six months and coming up with.....nothing.

I might be wrong, but with a new Government and a more than likely chance of end of year window dressing in certain sectors we might see some gradual moves with some/most of the banking stocks.

The banking sector seems to me to have a more than an even chance of rising during this period as it's seen as a sector a bit safer than some others.

Just my thoughts, however worth watching for increasing interest, imo.

calvintaneng , take your religious rhetoric somewhere else.
There is no place for this on a stock market forum.

Quarterly out reporting record revenue and they managed to eek out a profit. Perhaps the tide is slowly turning with this company.
Distribution costs are still a concern (to me anyway), so if they are able to drill down in some way with those costs it will be a positive advantage to the bottom line.

Re Distribution costs, this quarter's gross profit was Rm34.2 Million and Distribution costs of Rm16 Million to be taken out of the GP.
The previous quarter the GP was Rm22.4 million with Distribution costs of Rm10.3 Million.
So in percentage terms, they haven't been able yet to put a major dent in their distribution. costs. If they are able to address this issue and revenue can be consistent then there might be a chance for this company to get some traction.

As always, Karex are light on information in their quarterlies about the commencement of their glove factory in Thailand, something they really need to sort out to keep shareholders a lot more up to date and in the loop.
I'm still assuming that it is meant to be operational in Q1 2023.

For holders I'd say this quarterly would be seen as a positive, especially when you consider the last few years during Covid. Perhaps an eventual turnaround story.

I currently don't hold any Karex shares.

Good. Stay well way from unity with your perverted idea of an inclusive country.

Perikatan Nasional (PN) will function as check and balance on Anwar Ibrahim’s administration, says its chairman, Muhyiddin Yassin, hinting that PN will remain in the opposition instead of joining the unity government.

Phoebe, there are only two choices.
Either retain the subsidies or raise the tariff rates. Having a weakened Tenaga is of no use to the country or the government, especially with the cost of implementing a renewable energy source of power, which is a government initiative which they can't back down from.

The only possible third option is a combination of both, reducing the subsidies by a certain percentage and increasing the tariff to make up the shortfall.

IMO, of course.

There is no definition in any dictionary of "Unity" meaning that you can lambast other people and races in a highly derogatory manner.

Peja, where were you and your comments when Moo and Hadi broke every rule in the book about race relations? Simple answer, nowhere!! You remained silent then and you remain silent now about these vile, toxic and dividing statements.

Peja, enough of your nonsense and stop attempting to remain relevant. You are yesterday's man and to be blunt, you were not in any way a success in your previous appointments.

To be blunt, I'm sick of looking at your face and reading your own version of facts.

A Parliamentary vote of confidence will not be an issue.

Any Party reneging on the agreements would not only be a slap in the face to the King and Sultans but would be more akin to kicking them where the sun doesn't shine.

Today's current weakness is far more linked to some profit taking this morning after a very hot and exuberant market yesterday.

@vic3ai, the webinar was mainly a report on how this quarter compared to the previous quarter and year on year growth figures. There is a six minute video on youtube which is a short summary of the webinar results presentation.
Nothing new in it if you have already been following the company's growth and development this year.

Cheers.

What a day!
Market closes up 4% on news that Anwar is to be the new PM.

I wonder what it would have closed at is Moo was named the new PM.
I hate to think!

For the sake of the economy and the country, I hope PH refuse to let PN join the coalition.........and I will never change my position on that.
I'm not political but I absolutely deplore bigotry and racism............end of rant :)

My backside was twitching like a rabbit's nose on Monday when I topped up at 1.05.

Now I can poo like a normal person :)

A new dawn........or just a bit of sunshine? :)
https://www.youtube.com/watch?v=0zBoD_ojxFA

The grovelling is about to begin. Yesterday Moo and Hadi didn't even want to sit in the same room as Anwar or DAP.
https://www.freemalaysiatoday.com/category/nation/2022/11/24/now-pn-agrees-on-kings-unity-govt-proposal/

I hope Anwar suggests to them to be an honest Opposition.
They can't be part of any credible coalition.

Seems like common sense and logic has prevailed.

I'm much more contented than I was last night.

My opinion......yes.

Not a bull run, more like a mild relief rally.

Not really related directly to Tenaga, well merely by default, but the market appears to be giving a clear sign that they prefer a Government led by PH and whichever components are added on. I'd say the market are using the BN statement about not aligning with PN as a positive. I trust and hope the collective Royals take consideration of this apparent indication.

Obviously not a surprise, considering the only other option available, imo.

Hi Kim Sua, although I'm not a fan of theses "one off taxes", supposedly to help the Nation, I do accept it as long as it's a "one off". Although the company pays the tax it's actually coming out of the shareholders back pockets, by losing higher dividend benefits. Whichever group of politicians wins over Putrajaya it needs to come out with far more longer lasting initiatives than a CM Tax.

The cynic in me says that if the country had been run properly in the decades prior to Covid, it would have built a cash reserve for such events. Alas, way too much leakage and corruption meant that we, the shareholders of companies had to empty out our back pockets to "save the nation". I've done it once and don't want to do it again. Manage the country's finances a lot better!

Moving forward, I see no reason why Tenaga wont be able to deliver Rm1 Billion+ quarterly net profit figures consistently for next year and onwards.

On the quarterly results, AmInvest raise their valuation for PTrans to Rm1.36.

Going through the quarterly, although the Revenue and Net Profit grew yet again to record levels for two quarters in a row, the actual Net Profit would have been much higher had it not been for Deferred Tax payment.

All in all, it looks very positive for future growth and higher revenues and net profit, imo.

Quarterly seems to be inline with consensus. The cream from the Net Profit is lost with the addition of the CM Tax of Rm414 Million.

Two company record quarterly profit results in a row.
Can't argue with that :)

Press Release – For Immediate Distribution
PERAK TRANSIT BERHAD REPORTS RECORD PROFIT AFTER TAX
OF RM15.04 MILLION IN 3QFY22 A
ND DECLARES FOURTH INTERIM
DIVIDEND OF 0.75 SEN PER SHARE

https://klse.i3investor.com/web/staticfile/view/480328

Steady Eddie is buying yet again:

DATO' ONG CHOO MENG (a substantial shareholder) acquired 209,700 shares on 17-Nov-2022.
DATO' ONG CHOO MENG (a substantial shareholder) acquired 691,000 shares on 21-Nov-2022.
DATO' ONG CHOO MENG (a substantial shareholder) acquired 256,000 shares on 22-Nov-2022.

The Quarterly will be out today.

Ptrans to release their quarterly report tomorrow (Wednesday 23), so keep an eye out for it either during the midday break or after market, if you are interested.

The biggest surprise to me is PAS, absolutely staggered on the seats they have won.

I never thought there would be that many Malays wanting to head down the extreme right wing Islamic path.

Very disappointing on so many different levels.

" Umno’s Khairy Jamaluddin has revealed that he voted for Barisan Nasional’s Mohamad Hasan in Rembau."

Oh, the irony. Giving your vote to one of the people you want to remove from UMNO for a "cleaner UMNO" !!

No shame at all.

https://www.freemalaysiatoday.com/category/nation/2022/11/19/in-rembau-kj-says-voted-for-tok-mat/

StartOfTheBull, that's a fairly sweeping generalisation.....lol.
With more than 6 million new young voters able to vote, my hope (yep, that word again) is that they use their vote wisely to put this country onto a more modern and peaceful path.

Maybe I'm a dreamer....but one can only hope.

yes brighman, that is a possibility.

Although all three despise each other, they will use the rhetoric of joining hands to save "malay unity".....whatever that means!!
That's just yet another piece of political rhetoric to divide the country even further. There is no such thing as Malay unity, as the majority of them, in my opinion, just want to get on with their lives peacefully and support their families. This is particularly so with the younger, modern Malays who, in the main, believe in inclusivity.

It's not the people who divide this country, it's the politicians with their toxic agendas who are destroying it.