the momentum of rebound is strong.

rebound

Japan stocks plunge 5%( -1,906pts )

Those beverages sold on the roadside that are made from concentrated "fruit juice" and "syrup" are terrifying: there are flavors like "apple", "fresh orange", "watermelon", "lemon", "strawberry", "grape", "peach", "mango", "lime", "passion fruit", "lychee", "sarsi", "rose"... Many people call them "foot-cutting drinks".

Govt events to cut sugar content in drinks by 50%

https://www.nst.com.my/news/nation/2024/08/1085053/govt-events-cut-sugar-content-drinks-50pc

EG Industries secures US$117m purchase order for 5G photonics related products
Who is this Customer C?
https://theedgemalaysia.com/node/719623

U Mobile news?

Today Sin Chew headline saying Kedah's failure to renew NFO license is unconstitutional, 3 NFO representatives win the case?

any broker demanding cash upfront to buy this counter?

SC sues Yu Kuan Chon over alleged market rigging, manipulation

https://theedgemalaysia.com/node/716904

https://www.bernama.com/en/news.php?id=2310958

SALE OF MAHB SHARES AMONG HIGHLIGHTS AT DEWAN RAKYAT SITTING TODAY

When a thing is given too much attention, too high expectations, and too heavy value, it is not far from disillusionment.

Whenever a new trend appears, many companies rush to join in; however, when the trend fades, these companies often decline as well.

Minutes of the AGM 24/04/2024

https://unitedplantations.com/wp-content/uploads/2024/05/Minutes-of-Meeting-24-April-2024.pdf

MSCI Small Cap May 2024 Index Review

MSCI MALAYSIA INDEX
Additions
MAH SING
OSK

Deletions
ASTRO
MAGNUM
TSH

anyone have the details for the following? kindly share.

from The Edge Malaysia Weekly : "Kuchai shareholders missed out on bonanza by a mere two days "

last week Pchem AGM MSWG and Shareholders Q&A :

1. https://www.petronas.com/pcg/sites/default/files/2024-03/Reply%20Letter%20to%20MSWG%20-%20PETRONAS%20Chemicals%20Group%20Berhad.pdf
2. https://www.petronas.com/pcg/sites/default/files/2024-04/Answers%20Script%20for%2026th%20PCG%20AGM%20QnA_For%20Upload.pdf

Saudi-based ACWA Power keen on investing over US$10b in M'sia, in collaboration with Cypark
https://theedgemalaysia.com/node/709776

Malaysia in talks with Berjaya and Genting over potential casino in Forest City
https://agbrief.com/news/malaysia/25/04/2024/malaysia-in-talks-with-berjaya-and-genting-over-potential-casino-in-forest-city/

but PAT -34% QoQ

Nescafe 7% price hike ; Milo 10% !

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E5%92%96%E5%95%A1%E8%B6%8A%E6%9D%A5%E8%B6%8A%E8%B4%B5-nescafe%E6%B6%A87

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E9%9A%BE%E6%8A%B5%E5%8F%AF%E5%8F%AF%E8%B1%86%E9%A3%99%E9%AB%98-milo-7%E6%9C%88%E5%A4%A7%E6%B6%A810

all-time High

the 1Q financial results is on 24/04, exactly after AGM.....

Vincent Tan said to weigh taking Berjaya Food private

https://theedgemalaysia.com/node/707505

Genting Malaysia pledges US$1b in taxes to win New York City casino licence

https://theedgemalaysia.com/node/707281

which plantation company have minimal(or 0%) forward sales positions?

today is Quadruple witching days , some of the counter could be volatile during the last minutes before the market closes

star899, https://exsim.com.my/press-release-exsim-hospitality-holdings-sdn-bhd-acquiring-pan-malaysia-holdings-berhards-shares/

need more working capital to fund these projects. let say 10%, need at least RM 540 Million.

final dividend of 70sen per share + special single tier dividend of 40sen per share = total RM 1.10

https://app2.msci.com/eqb/gimi/stdindex/MSCI_Aug23_STPublicList.pdf

US Sugar #11 Futures Price drop 19% from May peak of US Cents 27.41/lbs to US Cents 22.18/lbs

SIME ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES FOR RAMSAY SIME DARBY

Star new weekly business newspaper -Star Biz7 https://starbiz7.com.my/connect?utm_source=print

is the deposit payable to GENM forfeited?

foreign fund is selling but foreign shareholdings not many in Pchem, less than 10% for this counter.

Sales Revenue of RM 531 million, LAT of RM 120 million, which has improved from its LAT of RM 155 million in 2Q23.
3Q23 registering an improved set of results with a decline in sequential operational losses, driven by increased ASPs as well as ongoing quality and cost optimisation measures.

Palm oil rallies over 6% on concerns over hot, dry weather

https://t2p.pw/wkREa1H2Cl

share price drop, dividend, outlook.....all are explained here:

https://www.publicbankgroup.com/media/525drd4f/minutes-of-pbb-57th-agm.pdf

how is the link btw Pos Aviation In-flight Catering, Pos Aviation Sdn Bhd and Pos Malaysia?

https://www.nst.com.my/news/nation/2023/06/920182/malaysia-airlines-end-catering-deal

https://www.msmsugar.com/investor-relations/events-annoucements

1. coarse sugar RM 2.85/kg can be raised?
https://www.insage.com.my/ir/cmn/downloading.aspx?sFileName=23117000052119&sReportType=AUDIT9&sCompanyCode=MSM
Page 5: “ We shall keep the possibility of further hikes in selling prices depending on the
Government outcome to increase the controlled ceiling price for the consumer
segment to which the joint sugar industry is scheduled to reengage KPDN in Q3 2023
to address structural price changes for long term sugar industry sustainability”

2. Selling price too low behind MSM loss and no dividend?
https://www.insage.com.my/ir/cmn/downloading.aspx?sFileName=23117000052119&sReportType=AUDIT10&sCompanyCode=MSM
Page 4: “ In FY2022, no dividend was declared. Nevertheless, the intention for FY2023 is to work towards the improvement of company’s financial and operational performance to deliver greater value to our shareholders.
Any dividend in FY2023, will be assessed based on the whole year's performance at the discretion of the Board and guided by the Group's dividend policy “


3. If sugar RM 2.85/kg cannot raise can government provide sugar subsidy?
https://www.insage.com.my/ir/cmn/downloading.aspx?sFileName=23117000052119&sReportType=AUDIT10&sCompanyCode=MSM
Page 11: “The Government understands our challenges as input cost continues to remain high post UkraineRussia war. Global demand outstrips lower production due to weather. The world sugar prices have been increasing but Malaysia retail prices have remained unchanged with no subsidy”

Axiata to write off RM377m and 'assess further impairment' as Ncell tax dispute dismissed!
https://theedgemalaysia.com/node/670768

recently most listed company pay less dividend AND nothing from AGM

Yesterday AGM door gift from MSM:

1. Gula Super Premium Grain Sugar 1kg
2. Beras Wangi Ladang 1kg
3. Minyak Masak Saji 1kg
4. Garam Putih Saji 400ml
5. Susu Pekat Saji
6. Santan Krim Saji 200ml
7. KFC Food Voucher RM20

After Inari is “out” from KLCI, The benchmark KLCI, overloaded with “old economy” sector (banks, PETRONAS link, utilities, telcos and plantations), has been especially weak, now hovering around the 1,400 level, which is almost 20% below where it was a decade ago(2013), with market trading liquidity similarly hobbled!

Westports in, Inari out of FBM KLCI under Bursa's semi-annual review

https://www.bursamalaysia.com/bm/about_bursa/media_centre/ftse-bursa-malaysia-klci-semi-annual-review-1

now can buy liao

Star Media minority shareholders reject related party deal with Matang

https://theedgemalaysia.com/node/669329

today is MSCI Rebalancing day , market is going to be very volatile after 4pm.