looks like record quarterly profit coming soon

Operating cashflows before tax and capex was strong at RM283 million for 1H 2022, annualised to RM565 million. Again the cash tax was high at RM52 million, higher than usual 25% plus prosperity tax.
Anyway it is way higher than the operating cashflows of RM455m for FY2021.

AEON Bhd indeed posted a strong set of results for June quarter with revenue even surpassing the Dec 2021 qtr and profit before tax of RM92.3m, just shy of the record Dec 2021 qtr PBT of RM94.6m.

The disappointment came from the much higher than expected taxation rate of 48.75% vs the normal 25% registered in Q4FY2021.

definitely. IGBB cashflows are very strong, dividends from IGB REIT and IGBCR are more than 20 sen per share. Wait till it carries out the proposed corporate exercises then it will be able to pare down borrowings and raise dividend payouts

Company share buyback gains more tractions, it only shows that the management also sees that its company share price is very much undervalued.

If YTLPower declared a special dividend at 4th Qtr result announcement, then share price would easily reach RM0.86 but I doubt it. As the company is embarking on various new initiatives such as the green data centre venture, digital bank and 5G expansion, it will need to reserve cash for expanding these new segments.

I think we may have to wait till FY2023 to see higher dividends of 7.0 sen to 10 sen, if Wessex dividends stabilise amidst higher capex, PowerSeraya delivers higher earnings as expected and telco 5G business turns around well.

Looking at the just released June quarterly result of BJFood, I think AEON will follow suit and post a strong set of result for this June qtr

This is indeed good news, impressive and resilient set of earnings mainly from operational growth in rental and advertisement income

full year operating cashflows before capex topped RM220 million, another record.

Net debts dropped to just RM100 million level, and will turn net cash position by 2H2023

true enough another blockbuster quarterly earnings, well done management!

@TreeTopView, thanks for highlighting the short positions.

To me, these shorties are just speculative. I do not see any big risk of share price collapsing anytime soon, unless another war would start at Taiwan straits or another MCO would be announced.

Too much gaming / betting on shorts and I do not want to spend much time analysing them, but rather focus on fundamentals.

I was not aware of such a short position in AEON but 5m shares are not big.

I suspect most of these short positions were entered into in May when AEON share price was trading at RM1.55-1.69 and daily volume exceeds 3.0 million shares. With the subsequent drop in share price to RM1.26-1.28, I think most of the short positions had been unwound then, left now with net 5.0m shorts.

I expect these shorts will be covered soon when the shorties see that share price is well supported and an excellent June quarterly result announcement is coming in 2 weeks.

another blockbuster quarterly earnings to be announced later this week?

slowly inching up with steady volume indicating accumulation by investors / insiders. No sudden big surge in share price nor volume implies a gradual recovery path for at least another 2 weeks.

Yes, RM6.00 may sound high for IGBB at current moments, but I believe once it carries out the proposed corporate exercises to unlock its assets value, it will have annual operating cashflows of RM390 million or 43 sen per share. It will be able to declare high dividends of over 24-30 sen then to support a share price of RM6.00 at prospective dividend yields of 4.0% to 5.0%.

It will be a gradual re-rating as it tries to unlock its asset value one by one. Patience is the key.

YTL Corp is slightly better in the sense of much higher upsides in the long run, underpinned by different business sectors in utilities, 5G, cement, hotels, shopping malls, property development, digital bank etc. Diversified business portfolio will ensure YTL Corp to sustain long term growth in different economy cycles.

But it is undeniable that IGBB owns some of the most successful shopping malls, hotels and office buildings in the country and abroad. The management of IGBB definitely has good insight in developing good quality assets that can bring in sustainable cashflows. Furthermore, IGBB has quite a few potential catalysts that may be realised in next 12-24 months.

We need to diversify our stock holdings so that we can benefit from growth from different companies and different sectors, and potentially faster asset monetisation plans of their management.

These are all good quality companies worth long term holding. We do not know which company share price will run up first, it depends on when the management will be able to carry out earnings accretive corporate plans and when there will be good news for the sectors they operate in.

Potential catalysts are:
1) a strong set of quarterly result in 2 weeks time and a decent interim dividend plus a special dividend using part of the proceeds from the UK land disposal.
2) receipt of remaining disposal proceeds from the proposed disposal of UK land for RM550 million. In its Q4FY2021 result, IGBB received a total of RM338.569 million from disposal of a joint venture. It is not clear to me if this disposal of joint venture refers to the 50% joint venture in the UK Bkackfair land. If it is, there should be a remaining disposal proceed of RM211.4 million to be received by IGBB. Even half of this remaining proceeds is to be declared as special dividend, we could expect a special dividend of at least 10 sen per share.

3) Continued strong footfalls to IGBB shopping malls to support rental revision and higher occupancy rate in its Mid Valley Southkey Mall in JB. These would bring the timing of injection of Mid Valley Southkey into IGB REIT closer to fruition once IGBB achieves the required valuation for Mid Valley Southkey injection.

4) Continued rebounds in its hotel business to achieve back steady high occupancy rates and potential creation of a new hospitality REIT to house all its hotels

5) Successful development and commercialisation of its new quality office buildings North Tower and South Tower at Mid Valley Southkey and potential injection into IGB Commercial REIT

6) Successful launch of 18@Medini quality housing project in Johor

7) Any plan for development of new Mid Valley megamall brand in other states

No need thanks. Do not expect IGBB to surge up suddenly, it is not a goreng stock. It is a fundamentally sound company with deep values and strong cashflows. Sooner or later the market will realise its value.

IGBB is a better choice

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

Farm Fresh is good and strong but expensive at 30x PER. Can consider other retails counter at just 10x PER like IGBB

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

IGBB looks more interesting than REITs at the moment

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

or switch to IGBB that is so much undervalued

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

glove stocks will need more time to recover, meanwhile can take a look at other counters that recover well like IGBB

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

can consider accumulating other undervalued stocks like IGBB

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

hold tight tight or look at other alternatives

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

gloves stocks will need more time to recover, lets look away for other recovery counters like IGBB

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

can take a look at other sleepy giants like IGBB

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

Can take a look at other sleepy giants like IGBB

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

the parent of IGBCR is more interesting at current prices

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

https://klse.i3investor.com/web/blog/detail/dragon328/2022-08-12-story-h1627892545-IGBB_is_an_Awakening_Property_Giant_worth_at_least_RM6_75

I wouldn't mind to collect steady 15 sen dividends every year even though its share price remained at RM1.80-2.00 for next few years

unexpected strength today but sellers will likely cap it at 1.44 again

one of the most undervalued growth stocks

I think company continuous share buyback is because the company share is still under-valued and the company cashflows are very strong. After setting aside funds for organic expansion of new 38-40 Starbucks outlets of around RM60-70 million a year, BJFood still has RM200 million of free cashflows or over 50 sen per share every year.
It can either declare it as dividends or buy back shares while it is still undervalued.

No big expectation for the 4th quarter result to avoid disappointment. Wessex earnings should be stable at around RM150m per quarter though at a lower level from 2 years ago, while PowerSeraya may pose positive surprise, I hope.
The fallout of earning contribution from Electranet after disposal should be covered by interest cost savings from the disposal proceeds.

Chinwell is very undervalued at PER of less than 6.0x and dividend yield over 6.6%.

9 month net profit already amount to RM68 million with 3QFY2022 at record net profit of RM30 million. Full year net profit will easily reach RM90 million or EPS of 32 sen.

9 month free cashflows totalled RM80 million, annualised to RM106 million or 37.0 sen per share. Already in net cash position as of 31 Mar 2022, Chinwell will be able to declare high dividends.

Assuming 60% dividend payout rate, Chinwell can easily declare annual dividends of 19 sen per share, or just using 52% of its annual free cashflows. Net cash position will build up even further by almost RM50 million every year.

tonywong8, check out above article. Starhill GLobal REIT reported good results

https://klse.i3investor.com/web/blog/detail/sgmarketupdates/2022-08-01-story-h1627061246-REIT_Watch_Starhill_Global_Reit_Sees_Strong_Recovery_in_Sales_and_Shopp

Due to Covid-19 outbreak, hotel business took a plunge in 2020 and YTLREIT foresaw that its hotels would not be able to pay the lease according to the master lease agreement during the pandemic, hence they decided to grant a 2-year grace period (Jun 2020 - Jun 2022) to defer part of the rental payments from the hotels. Now the pandemic is largely over and hotel business is almost back to 80% of pre-pandemic level. It is time for these hotels to start repaying the deferred payments on a staggered basis over the next 7 years.

The rental variation agreement between YTLREIT and its various hotels has ended in June 2022, so we can expect higher rental income from these hotels over next 7 years on staggered basis to support 8% to 9% dividend yield of YTLREIT in next few years.

profit taking today after strong gains yesterday. Technical chart already looks good, should retest 0.80 soon

As retailer investor of Ptrans, I am happy to see another dividend of 0.75 sen coming ex on 3 August. Trailing 12-month dividends may top 3.97%, a decent yield.

For me as a retail investor in Ptrans, what concerns me more is the financial performance of this listed company and its main operating assets. What I see is that operating cashflows continue to be strong with rentals and advertisement income ramping up as economy reopens with more travelling activities at the bus terminals.
As the management has said, the PFF income is expected to come down going forward. We shall focus more on the core business as the management spurs up efforts in securing more logistic customers and rental incomes for its existing terminals and the upcoming Bidor terminal.