At what price are they valuing MBSB shares in exchange for MIDF shares?

Tks for the AGM update I3 boss

AGM today. Could anyone attending pls query privatization .

https://jawplace.com/the-growth-of-data-usage/

Earnings Projection – Valuation as at 8/8/2020

Share price = RM 10.86
Market Capitalisation = 6,599 million
Net Cash Position = 420 million
Cash per share = 0.70 cents (one of the highest cash per share company in bursa Malaysia)
Current PE = 18 (Compare to TM pe of 31.27. Industry PE range 20 to 25).
EV/ EBITDA = 11.59
ROE = 11% (Industry average of 8-10%)
NTA = 4.63
Debt Ratio = 0.03
Cash flow to sales ratio = 55% (layman term – more than 50% of their sales are converted to cash)
Average Profit Margin = 30% – 40
Assuming the Company is able to generate 10-15% growth consistently over the years and couple with the continuous cash generation as per % of sales, with an average industry PE of 20 (conservative PE) the company could derive a fair value of RM 14.97 which is 37-38% upside from their current share price.
Note: We do prepare a more detailed report on this company. Please feel free to drop us a whatsapp or text to request for the free report!

KUALA LUMPUR (June 26): The Armed Forces Fund Board (LTAT) said there has been no material development with regards to the possible privatisation of Boustead Holdings Bhd (BHB).

LTAT is the controlling shareholder of BHB.

In a statement, it said the privatisation proposal is subject to, among others, the finalisation of the structure of the proposal, the requisite funding and regulatory approvals.

On May 28, the LTAT said it was mulling a proposal to privatise the company at an offer price of RM0.80 per ordinary share.

This offer price, however, is indicative only and non-binding, it said.

“We wish to highlight that this notification does not amount to a firm intention that we will undertake the proposal. Accordingly, there is no certainty that we will proceed with the proposal,” it added.

In 2017, LCT went into the public market to raise money to finance its expansion in Indonesia among others. The group had planned to use IPO proceeds to fund the development of an RM18bil integrated petrochemical facility in Indonesia.

LCT hinted that the project’s commissioning date may be delayed as a result of the current global oversupply situation.

The company had targeted to start construction in the later part of 2020 with hopes to complete the project by 2023.

Last year, LCT sold a 49% stake in the Indonesian petrochemical facility to its major shareholder Lotte Chemical Corp (LCC) for RM3.6bil.

While the partnership is a boon for LCT, the company would need to raise another RM11bil to fund the project that may be tough as some banks are shying away from oil and gas-related companies.

PRESS RELEASE
For Immediate Release
Resilient Growth Recorded in Q1 2020
• Consolidated Group revenue grew 12% year-on-year
• Revenue growth recorded across all core product groups and core customer groups
Shah Alam, 28 May 2020 – TIME dotCom Berhad (“TIME” or “the Group”) recorded consolidated
Group revenue of RM293.9 million for the quarter ended 31 March 2020. The 12.0% increase
relative to the same period in the preceding year was driven by higher overall revenue growth seen
across all core product and customer groups.
A current quarter consolidated profit before tax of RM125.6 million was recorded. This was driven
by higher overall revenue growth, a large net gain on foreign exchange, lower interest expense
and a higher share of profit from associates.
“The remainder of 2020 will be a challenging one, not just for our industry, but for the global
economy at large. Thankfully, we enter this period with a robust operational framework and a solid
balance sheet. This should help us weather through the rest of the year as we adapt to the
challenges posed by COVID-19,” said Afzal Abdul Rahim, TIME’s Commander-in-Chief.
Outlook
The first quarter of 2020 saw the enforcement of the Movement Control Order (“MCO”) in Malaysia
as a measure to combat the spread of COVID-19. The MCO has been in place since 18 March
2020, and its impact on consumers and businesses across the country has been profound. As an
“Essential Service”, the Group has continued to operate throughout this period. At this stage, it is
too early to determine the full impact that COVID-19 and the MCO will have on the Group.
The Group’s immediate and ongoing priorities are to safeguard the health of all its employees and
to ensure 100% network availability and stability through these challenging times. In the medium￾term, the Group will continue to focus on supporting the Malaysian government achieve its national
telecommunications objectives by strengthening and expanding its existing domestic fibre network
infrastructure.
On the regional front, the Group will continue working with its partners in Thailand, Vietnam and
Cambodia to tap on increasing demand for cross border connectivity across the ASEAN region.
The Group will also assess opportunities to further establish itself as a key regional data centre
player and operator with the intention to unlock the long-term potential of its data centre business.
END@

TIME dotCom (TDC MK) $TIMECOM / 5031 (TIME DOTCOM BERHAD)
Research by UOB Kay Hian
BUY (maintained) ; Target Price: RM11.10

"A Gem In A Haystack"

We like the stock for its good growth prospects, quality earnings and strong
management. We project a 3-year earnings CAGR of 11% (vs pedestrian telco sector
earnings), driven by Internet and data centre growth.

Chong Lee Len
603 2147 1992
leelen@uobkayhian.com

Chloe Tan Jie Ying
603…

Opcom tomorrow????????Pening.............

KUALA LUMPUR (Dec 5): TIME dotCom Bhd is collaborating with Facebook to invest in internet infrastructure in Malaysia, which will further open up the nation to more connections and international hubs.

In a statement today, Time dotCom said the network infrastructure project is expected to be completed by the end of the second quarter of next year, which will be exclusively for Facebook and its family of applications.

However, it did not elaborate on the kind of infrastructure that the parties intend to build.

“Facebook’s mission is to give people the power to build communities and bring the world closer together. This partnership will allow us to build a faster and more efficient network to better support our family of apps and services,” said Nico Roehrich, Facebook network investment manager, APAC.

Time dotCom head of OTT, Chiew Kok Hin, said the company is looking forward to the partnership, as it will pave the way for Malaysia to establish itself as a regional technology hub.

“More international connectivity and a robust domestic backbone will attract sizeable investments into Malaysia. It only makes sense for us to capitalise on the strategic location of Malaysia in Southeast Asia, ease of access and relatively lower cost of entry,” Chiew said.

Time dotCom said the government has been constantly reviewing policies, laws and regulations to adapt to the fast-changing global market landscape, noting steps taken by the Transport Ministry to simplify regulatory approval for local and foreign vessels carrying out undersea cable repairs within Malaysian waters.

It also said significant steps have been taken to boost Malaysia’s competitiveness to make the country attractive to global technology giants like Facebook, Google, Amazon, Microsoft, Apple, Alibaba and Tencent, which are not only investors of submarine cables but also builders of hyperscale data centres.

At 3.09pm, Time dotCom fell 3 sen or 0.33% to RM9.17, giving it a market capitalisation of RM5.37 billion.

We believe fixed-line operatorsWe believe fixed-line operators such as TIME will likely get a BIGGERallocation from the RM21.6 billion National Fiberisation and Connectivity Plan, given its extensive nationwide fibre network. Consistent with the national initiatives, TIME is focusing on strengthening its existing domestic fibre network infrastructure and expanding its network coverage throughout Malaysia.

TIME will continue to work with its partners in Thailand, Vietnam and Cambodia to create a seamless regional telecoms network that will connect Indo-China to Malaysia and Singapore. It also intends to expand its data centre market presence regionally, and grow its customer base to include interconnected players from various industries.

We continue to like TIME for its strong growth profile, contributed by both its wholesale (domestic and international) and retail segments. Despite the recent reduction in pricing, the company is still executing well in the domestic fixed broadband market, and we believe it is poised to gain a meaningful market share in the medium to long term. We maintain a “buy” recommendation with an unchanged discounted cash flow-based TP of RM10.70. TIME is trading at an attractive valuation of 15.7 times FY20 price-earnings ratio (-1SD [standard deviation] below the mean) and has a strong balance sheet to support its network expansion. — AllianceDBS Research, Dec 2 such as TIME will likely get a bigger allocation from the RM21.6 billion National Fiberisation and Connectivity Plan, given its extensive nationwide fibre network. Consistent with the national initiatives, TIME is focusing on strengthening its existing domestic fibre network infrastructure and expanding its network coverage throughout Malaysia.

TIME will continue to work with its partners in Thailand, Vietnam and Cambodia to create a seamless regional telecoms network that will connect Indo-China to Malaysia and Singapore. It also intends to expand its data centre market presence regionally, and grow its customer base to include interconnected players from various industries.

We continue to like TIME for its strong growth profile, contributed by both its wholesale (domestic and international) and retail segments. Despite the recent reduction in pricing, the company is still executing well in the domestic fixed broadband market, and we believe it is poised to gain a meaningful market share in the medium to long term. We maintain a “buy” recommendation with an unchanged discounted cash flow-based TP of RM10.70. TIME is trading at an attractive valuation of 15.7 times FY20 price-earnings ratio (-1SD [standard deviation] below the mean) and has a strong balance sheet to support its network expansion. — AllianceDBS Research, Dec 2

Report: Tabung Haji yet to receive full payment in Indonesian deal worth RM3.8b http://newswav.co/Cb2mIK9243

https://www.klsescreener.com/v2/news/view/466458

KUALA LUMPUR: Lembaga Tabung Haji is zooming in on its investment in the 52% stake held in Trurich Resources Sdn Bhd, which owns some 42,000ha of oil palm plantations in Indonesia.

Tabung Haji and FGV Holdings Bhd jointly bought Trurich for RM600 million in 2009 and assumed debts of over RM700 million, sources say. It is unclear from whom they bought Trurich. The plantation group had been making losses for at least the last five years to 2016, based on data from RAM Credit Information Sdn Bhd.

According to sources, Tabung Haji and FGV will likely have to write down their investments, and police reports are expected to be lodged as well. FGV’s shareholding in Trurich is held through a subsidiary, Felda Global Ventures Kalimantan Sdn Bhd.

https://www.klsescreener.com/v2/news/view/464282

"The second report against Ismee, Hazlina and Rifina relates to misrepresentations and withholding of material information involving TH’s 2012 sale of 95 per cent shareholdings in PT TH Indo Plantations held by its two subsidiaries, namely TH Indopalms Sdn Bhd (THI) and TH Indo Industries Sdn Bhd (THII), to PT Borneo Pacific (PT Borneo) for US$910 million.

PT TH Indo Plantations own a total of 83,000 hectares of palm oil estates in Indonesia.

TIMECOMPRESS RELEASE
For Immediate Release
TIME Revenue Grows 10.6% in 1H 2018
 Consolidated Group revenue grew 10.6% year-on-year to RM468.8 million in 1H 2018
 Pre-tax profit grew to RM123.2 million
 Data and data centre revenue leads with growth across all core customer groups
Shah Alam, 28 August 2018 – TIME dotCom Berhad (“TIME” or “the Group”) posted its 1H 2018
financial results today with a consolidated revenue growth of 10.6% year-on-year (1H 2018:
RM468.8 million | 1H 2017: RM423.7 million). Pre-tax profit grew to RM123.2 million from the
RM93.4 million recorded for the preceding year.
The increase in recurring revenue in 1H 2018 was mainly due to higher sales recorded from the
data and data centre businesses, which grew RM72.4 million and RM5.6 million, respectively.
Growth was recorded across all core customer groups, led by the Group’s Retail customers owing
to continued demand for its TIME Fibre Home Broadband services.
Pre-tax profit growth can be attributed to higher overall revenues, improved cost efficiencies and a
higher share of profit from investment in associates.
“The growth in 1H 2018 is encouraging but we are also mindful of the changing landscape and
increasing level of competition in the market,” said Afzal Abdul Rahim, Commander-in-Chief.
Outlook
The Group expects the industry to remain challenging for the second half of 2018. It will continue
to improve its existing domestic fibre network while also placing emphasis on coverage footprint
expansion in the country.
On the regional front, the Group will work with its associates in Thailand and Vietnam to connect
Malaysia, Singapore, Myanmar, Cambodia and Laos. The Group will also explore opportunities to
expand its data centre market presence regionally and grow its current ecosystem to include
interconnected players from various industries.
Note: Analysis and comparisons have been made excluding the impact of MFRS 15 for better comparability purposes.
END

https://www.thestar.com.my/business/business-news/2018/08/03/opening-up-fibre-market

KUALA LUMPUR, Aug 1 — The Communications and Multimedia Ministry plans to formulate a bill to make compulsory for all new housing projects to be installed with Internet facility.

Its minister, Gobind Singh Deo said through the proposed Bill, the Internet facility would be categorised as a utility, just like electricity and water supply at home.

“If (Internet) it becomes a ‘basic human right’, it can be categorised as a utility  there’ll be a need for all houses to be connected with fibre,” he said when winding up the debate on the motion of thanks for the Yang di-Pertuan Agong’s speech on behalf of his ministry in the Dewan Rakyat today.

He said this in response to a suggestion by Datuk Seri Dr Ismail Mohamed Said (BN-Kuala Krau) to make compulsory for developers to install broadband facility at their housing projects.

Expressing importance of Internet access, Gobind Singh said he hoped the proposed Bill would get the full support from the house when tabled.

Blog: (CHOIVO CAPITAL) An analysis of TIME dotCom Berhad (“TIME”)

Jul 17, 2018 06:01 PM | Report Abuse

Re-gear it.

Lets say TM

ROE:11.32%

Equity/(Equity Net Debt) ratio:
= 7,435.8/(7,435.8 6,587.1)
= 0.53

Re-geared ROE: 6%


TIMECOM

ROE: 8.13%

Equity/(Equity Net Debt) ratio:
= 2,278,327/(2,278,327-74,465)
= 1.03

Re-geared ROE: 8.4%

AGM today. Anybody going? Pls brief us tks

Good question. Any good answer?

Its good to have an OK from a competent analyst like you Jon. Thanks.

www.theedgemarkets.com/article/green-packets-revenue-easily-double-after-mytv-job-win

GREEN ANG POW PACKET FOR SHAREHOLDER 2018

Jon, your detail analysis and determination to hold do indeed helps a lot to shareholders of Timecom.
GREAT HELP JON

(JON CHOIVO) An analysis of TIME dotCom Berhad (“TIME”) https://klse.i3investor.com/blogs/PilosopoCapital/142735.jsp

MYTV Broadcasting - Wikipedia Bahasa Melayu, ensiklopedia bebas - https://ms.m.wikipedia.org/wiki/MYTV_Broadcasting

In collaboration with mytv. https://www.myfreeview.tv/

Future is IOT and Fintech
GP in the right direction.
Still Holding

Yes Jon, Public Bank is a great example, makes thousand and lost millions . Make sense, great.
Tks.

Excellent article . Any target price Jon?
Tks

now 0.375

0.37

klse.i3investor.com/m/blog/bfm_podcast/128659.jsp

https://klse.i3investor.com/m/blog/kianweiaritcles/121129.jsp
RHB 25 smallcap jewels.
Hope for the best .Keep my finger cross as GPacket is included.

Iot not it

Four business by GPacket
Communication
Solution
It
epayment

SH Quah........CEO Kay say for communication and solution business .....10 to 15 percent growth.

Attended agm today
This is summarize as follows.
Communication and solution business will not results in exponential growth but at a rate of 10 to 15 percent per annum.Results will likely be reflected on the last 2 quarters annually .Something to do swap deal as to their explanation.
For their IOT and epayment services ,growth
will be higher than the above two business but short of saying exponential growth. Why mention exponential growth in the first place?????What msg are they trying to imply???

Personal question to one director after the meeting.
Their pet project now in IOT is cyberjaya.
Now in advance phase of completion in wiring up the township.Working hard to get recognition with this pet project.
Epayment???
Exactly like Alipay but at a smaller scale right now. Starting in .....
......confidential.

Just post this for the benefit of those not attending the agm.

klse.i3investor.com/m/blog/kltrader/123116.jsp
Outlook

Whilst earnings recovery has yet to gain broad momentum (construction and banks most convincing), MQ Research remains risk-on given robust liquidity, macro and reform/restructuring support for the broad market. Big-cap top picks are Sime Darby, Tenaga, Telekom, CIMB, IHH, AirAsia, Gamuda and SP Setia. Mid-cap picks are POS (M), Time dotCom, MRCB, Bumi Armada and Gas (M).  Switch out of Petronas Dagangan, Petronas Gas, BAT, DiGi, and Hartalega.

Source: Macquarie Research - 19 May 2017

TRENDING UP.............40CTS

Timecom RM 8.80 break 52wk high now

Timecom still holding digi shares.Half of it has been given to shareholders as dividen in species and they still kept other half. Any insiders here willing to let us know when are they going to let us have the other half?

Pick up today and get the dividend or wait for tomorrow for price adjustment w/o dividend.

Keep the dividend and stay invested.

Timecom still holding digi shares.Half of it has been given to shareholders as dividen in species and they still kept other half. Any insiders here willing to let us know when are they going to let us have the other half?

Is Skali listed, if not what is the advantage for Skali through backdoor listing.Would Time price be increase if Skali is sucessful in the biddings?

Can any expert investor let me know the best alternative ie a. Sell Digi after allotment when Timecom traded ex with price adjustment downward and buy extra Timecom or
b. Keep Digi for investment.