Family Mart (Japan’s second largest convenience store chain) is owned by Itochu.

Japan’s five largest trading companies — known as sogo shosha — are conglomerates that import everything from energy and metals to food and textiles into resource-scarce Japan.

The five are: Itochu 8001 +2.98%
Itochu Corp.
¥4,247
123
(2.98%)
Open
¥4,157
Volume
3.99M
P/E Ratio
7.58
Div Yield
3.30%
Market Cap
¥6.12T
4,145
4,257
(ticker: 8001.Japan), Mitsubishi 8058 +2.08% Corp. (8058.Japan), Mitsui 8031 +2.66% & Co. (8031.Japan), Sumitomo 8053 +3.19% Corp. (8053.Japan), and Marubeni 8002 +4.55%

Billionaire investor Warren Buffett said he’s planning to increase his investments in Japan’s biggest trading houses, pushing up the shares.
https://www.cnbc.com/2023/04/11/berkshire-japan.html

i eat Famima bread almost every morning & night

actually management did hint of special dividend in q4. weigh your own decision wisely. full year target 13k units...back log already comprises 50% of it

Dialog benefits from these projects because of its port, jetty and port-side tank storage
facilities at its Pengerang Deepwater Terminal (PDT), the gateway through which refineries
import feedstock and downstream products are exported. Dialog charges fees for the use
of the jetty facilities and also builds, operates and leases tank terminals at the PDT to its
industrial customers on a take-or-pay basis over a minimum period of 10 years, or up to
25 years in the case of tanks built specifically for RAPID. Dialog has ample space at Phase
3 of its PDT, which can more than accommodate new tankage facilities for both Rongsheng
and ChemOne, in our view. We do not expect Rongsheng or ChemOne to build new port
facilities, as Dialog has already built competitive port infrastructure.

The stock market could get volatile, but while it does, companies returning large sums of cash to shareholders can pad investors’ returns.

The newest risk is that the current banking problems will reduce bank lending and lead to a slowing economy.

That makes owning shares in companies that are returning a lot of cash to investors attractive. While the price of many stocks whipsaw up and down, owning cash-returning companies can allow an investor to be less sensitive to the price. Dividends allow for some yield relative to the price paid for a stock.

Erm...FPSO orderbook of RM97.3 billion

three quarters already 11 sen dividends. $$$$

As Calvin pointed out, the new senior management has done very well. the company's financial health has improved considerably. they have been FCF positive for many years

A fact well known many many years ago.


Posted by stockraider > 2 hours ago | Report Abuse

Cash rich & veli undervalue stock mah!

With the world’s population crossing the eight billion mark, the demand for palm oil for edible usage remains firm and growing in markets like India, China, Bangladesh, Turkey and the MPOB is strengthening its research and development activities to increase the usage of palm oil for the production of high value-added products for the export markets.

Going forward, there are nevertheless 4 factors which must be monitored closely as the development of these will have an impact on the supply and demand fundamentals and thereby price developments going forward. Firstly, the wet weather conditions towards the end of last year together with the resumption of guest worker inflow to Malaysia is expected to help increase palm oil production in 2023 as the nationwide field losses experienced during 2022 will be minimised.In Indonesia production is poised to increase more strongly in 2023 than in 2022 subject to weather patterns normalising. Secondly, the world production of biodiesel including HVO is estimated to further increase by 9% to reach 55.9 million MT in 2023 from the all-time record level of in 2022 of 51.3Million MT. This was and will continue to be propelled by fiscal incentives in the US as well as rising decarbonisation targets in the EU transport sector. In addition, the Indonesian Government’s drive to increase their domestic palm oil consumption through not only food and oleochemical uses but evermore so through the Government supported biodiesel programme compelling all diesel to contain an admixture of up to 35% of palm oil from 1 February 2023 is expected to increase the current usage by 1.3 million MT during the year. Thirdly, the global economic growth sentiments for 2023 are largely negative due to the higher interest rate levels imposed by major central banks to curb inflation, coupled with Russia´s invasion of Ukraine causing much volatility in supply chains around the world. This is expected to dampen demand for vegetable oils from key buying nations. Finally, weather developments will continue to play an important role for production and price directions and must be closely monitored. Whilst the La-Nina has brought dry weather to particularly Argentina and caused a downward revision in the coming soybean crop harvest, the overall South America production is expected to increase to well-above 2022 levels due to larger planting intentions and the recent favourable weather. This is likely to replenish global stocks.

First Solar is “the most significant beneficiary of the Inflation Reduction Act (IRA) with high visibility on capacity, revenue and earnings growth through 2026.”

15.5 sen dividend

Directors are buying shares.

Based on market price action, seems like special dividend announcement is coming soon...

Added more today. cheers!

Approaching RM10bil market cap soon

Will be back to RM3 soonest

suddenly everyone interested in eggs, chicken, marine and familymart

Enjoy the interview
https://www.youtube.com/watch?v=9PC6oZYRKss&t=629s

Vincent Tan paring stake in BCorp to pave way for 'potential major acquisition in financial services segment'

https://www.theedgemarkets.com/node/649693

I would suggest management to stop wasting cash to buy back shares

better distribute cash dividends to shareholders instead as there are better options to deploy capital than increased their pie in the company

Share price weakened due to appreciation of yen against ringgit. over-reaction in my view

From Maybank IB report, consensus net profit for both FY2023 & 2024 is RM6.2bil

Earnings may have peaked in 2021-2022. But PCHEM is still expected to make at least 6billion profit per year which you are paying only paying 11-12x

At least 1.20 which is their stake in RHB. Everything under the sun is essentially free.

When it was 1.50, nobody wants this stock

I love Mazda!

Quarter not bad. 3.5 sen dividend

Continue to hold this cash cow

Expect to receive 90sen final dividend

Took profit today. Managed to bought at 1.72 low.

Hope Mr.Market presents the same opportunities again.

@dannyarcher
even if we are listening to the same interview, read the same materials, i can't guarantee that you will be able to understand and discern correctly. obviously, your intellectual capacity is different from mine

https://www.youtube.com/watch?v=MCR6pVwylys&t=2439s

@rl68 https://www.cnbc.com/quotes/@LCO.1

Agogo will be a big CATALYST.

Anyway, expect Yinson's earnings to grow 30-40% this year. Huge disconnect between earnings growth vs market cap.

Crude oil YTD up more than 30%. Yinson's share price down 15%. Their bigger peers, Modec up 17% while SBM Offshore up 10%.

40sen dividend. appetizer before the main course

Mazda looking good

Since the RPT announcement, market reaction in terms of price movement has been positive

Hong Leong is the only broker coverage on FLB. Based on their June report, they predicted FLB EPS 26.3sen for FY22 and 26.6sen for FY23. 6 months FY22 EPS almost 18sen. Surely 8sen for remaining 2 quarters are more than achievable. They already have pending orders to fulfill. Strong USD will benefits them substantially as 95% of their sales in USD while 80% of their costs in RM. Why need to rush and queuing to buy USD at money exchange when it is a better bet to place your money with FLB?

60mil sales proceed from KDU DJ campus - 2.5sen DPS
120mil sales of remaining stakes in education units - 74.63mil for distribution (12sen DPS)

Further asset monetization exercises in progress with carrying value of RM600mil

Yinson recognised at Asiamoney 2022 Asia’s Outstanding Companies Poll

Posted Date: 21 Sep, 2022

Yinson has been recognised as the ‘Most Outstanding Company’ in Malaysia under the Energy Sector at the Asiamoney Asia’s Outstanding Companies Poll 2022. The Asia’s Outstanding Companies Poll acknowledges Yinson’s commitment towards pursuing strong financial performance, management team excellence, proactive investor relations engagements and structured Corporate Social Responsibility initiatives.

Yinson Group Chief Executive Officer Lim Chern Yuan commented, “We are honoured to be recognised in this award, as it reflects the confidence that the investor community has in us. We have invested greatly into building open communication platforms, communicating our strategies and engaging with our stakeholders, and these rankings assure us that we are providing both consistent and quality engagement to our investors.”

Asiamoney is a business and management publication established in 1989 and a division of the United Kingdom’s Euromoney Institutional Investor PLC. The 2022 poll was supported by fund managers, buy-side analysts and rating agencies. Voters are asked to consider a company’s overall performance including its financial reporting, management team, investor relations and CSR initiatives. A total of 4,620 votes were received for publicly listed companies across 12 markets in Asia. The results recognize 176 companies as being the most outstanding for their sectors and in their market.

Yinson sincerely thanks all the individuals and institutions that voted for us in this esteemed poll. Yinson will continue to improve global operations, and most importantly, strive toward building a better future for all.

BAuto is a cash flow machine. Very very strong FCF generation that can support 80% dividends pay out.

Also, a good proxy for EV play (from local standpoint). They have impressive EV model line up; Mazda MX-30, Peugeot e-2008, KIA EV6 & PBV1

Long term plantation outlook aptly encapsulated by UMCCA's chairman Datin Paduka

"Despite the current challenges, UMB believes palm oil’s long-term outlook remains bright. In the foreseeable future, palm oil’s twin status as the vegetable oil with the highest yield per hectare and the cheapest vegetable oil to grow is unlikely to be challenged. }

https://www.theedgemarkets.com/article/yinson-marks-foray-indonesian-energy-market-strategic-stake-acquisition

@effulgence

Any update to your thesis write up post Q2 earnings?

I wonder why they keep so much cash. sitting idling. equity base is 688mil. cash is 694mil, stripping of debt...net cash about 495mil.

Bonus issue would attract more retail investors by increasing its liquidity/float

EPS 90sen...earnings about 7billion.

enterprise value of this company is about 55billion after taking in net cash of 16billion.

Very strong cash flow generation. annualised cash flow of 8 billion.

To me, the decision is pretty clear.

This company is amazing cash flow machine. Operating CF a whopping RM43.7mil against net profit RM18mil. 2.34 times of earnings

Churning abundant of cash...