令吉转弱 RM 4,31

https://klse.i3investor.com/web/blog/detail/nanyang_stock_expert/2024-10-12-story-h471094266
医疗保健板块指数开始受到令吉转弱的激励而渐渐转强。其中，贺特佳（HARTA，5168，主板保健股）闭市时报收2.99令吉，按日涨8.0仙或2.75%。

另外，顶级手套（TOPGLOV，7113，主板保健股）闭市时报收1.06令吉，按日涨3.0仙或2.91%。

贺特佳的日线图处于反弹的周期，出现突破信号。日线相对强度指数（RSI）处于58.02水平。它的股价或在短期内上探3.13至3.20令吉的阻力水平，支撑水平处于2.88至2.94令吉。

https://www.thestar.com.my/business/business-news/2024/10/14/china-smes-look-to-invest-in-penang

Higher incomes first, then GST, Anwar insists
“Is GST efficient? Yes. Is it transparent? Yes. Will the government get more revenue? Yes. But who are you taxing? Everyone. The rich? Yes. The poor? Yes. (Then) I can’t (do that),” Anwar said.

“My view is to give it a few years. Make sure that the threshold, the level of income is raised to a minimum of RM3,000 or RM4,000. We can gradually (introduce) this policy then...
https://www.msn.com/en-my/news/national/higher-incomes-first-then-gst-anwar-insists/ar-AA1sb2Pl?ocid=msedgntp&pc=HCTS&cvid=aa56f954eab44380b1b38d407327997e&ei=8

Oh yes, wrongly calculate, should be able fully disbrbute as share dividend within 3 year or partial cash + share dividend within 6 year.

Today market negative response is due to The keyword 'discount' which happen together with LPI offer at 30% discount over market price, creating market perception that upcoming restricted share sale offer also may peg 30% discount too.

Therefore, through company 10% share buyback mandate yearly, Public bank itself can enjoy 30% discount offer by Teh family without at shareholder expense.

Public bank later can opt to distribute these treasury share as share dividend as certain ratio over a period 3 year or 6 year if opt partial to all shareholders. These will result public bank share buyback getting 30% discount from Teh family, while all shareholder getting full value share through share dividend with peg ratio over a period of 3-6 year as replacement for ordinary cash dividend.

In contrast to restricted sale at discount to director, employee and retail shareholder which result market negative response.

There is actually another alternative option available which will result opposite effect, market positive response.

These options is through staggering dividend share. Since public bank have 10% share buyback mandate every year. public bank can therefore allow to buyback Teh family stake 10% either at straight or at staggering basis 2.8% every year as treasury share for next 5 year to buyback total 13. 5% from Teh families stake.

In the interim, public bank can use these treasury share to declare share dividend instead of cash dividend to shareholder to gradually distribute treasury share over period of 20 year period which is based on average 5% dividend yield return to all shareholder ( 10% treasury share will distrubte over 20 year period, annual dividend yieldto be in line with current 5%.

In additional, director and employee also can entitle fraction of treasury share (3.5%) under 5+5 year ESOS plan

Don worry about discount offer, it should big enough judging from 30% discount for LPI takeover. Teh family should be very generous enough to offer similar quantum of discount to reward retail shareholder (range 10-15%) and higher discount (15-30%) to employee and director for their hard work and shown appreciation and as incentive to them

Employees, directors and eligible shareholders all will get discount offer price, you better reserve some fund to buy later at discount offer under shareholder entitlement. For bank employees and directors, offer discount may be higher than retail shareholder

we will be undertaking an exercise to distribute a portion of our Public Bank shares at a discount to all employees, directors and eligible shareholders of the Public Bank group..... the keyword is discount.....

judging from takeover LPI, a significant 30% discount is peg to market price. upcoming restricted offer could also likely offer alike discount too

Indonesia eyes hefty tariffs on China as businesses decry cheap imports
Jakarta is proposing 200 percent tariffs on Chinese goods textiles, citing the United States’ policies as an inspiration...... China extreme cheap product below cost is unwelcome and such practice through gov subsidy on coal and other gov export incentive for china shark to penetrate global market is unsustainable

Post removed.Why?

lets breakout RM 3

RESORTS World Bimini’s original developer is demanding its Genting partner pay more than $600m in damages for allegedly turning the project into a “financial wasteland” via a near-billion dollar liability “dump”.

#The spectacular breakdown in the longstanding relationship between Gerardo Capo’s RAV Bahamas and the multi-billion dollar Malaysian conglomerate is revealed in a law- suit filed with the south Florida federal court on Monday, with the former asserting that “a massive and co-ordinated fraud” has left the real estate and other assets it contributed to their Bimini partnership “essentially worthless”......


The financial statements for BB Entertainment, the Bahamian-incorporated holding company for Resorts World Bimini, reveal that the project has consistently incurred annual losses amounting to tens of millions of dollars ever since RAV Bahamas teamed with Genting some 12 years ago in 2012.

#BB Entertainment’s 2022 audited financials saw the EY (Ernst & Young) accounting firm qualify the report by noting a “material uncertainty related to going concern”. It wrote: “We draw attention to note two in the financial statements, which indicates that the company incurred a net loss of $151.284m during the year ended December 31, 2022.

#“As of that date, the company’s current liabilities exceeded its current assets by $70.546m and had a net equity deficit of $693.665m.

https://www.tribune242.com/news/2024/oct/09/capo-demands-600m-damages-from-genting/?news

Fund KWP continue accumulating glove stocks

Silicon Island (Penang state gov own 30% stake), spanning more than 2,300 acres of reclaimed land off the southern coast of Penang Island, will be a new job centre, where 30% of the available development land will be turned into industrial zones; 40% for infrastructure; and the rest for housing, mixed development and commercial purposes.

“And maybe a new administrative centre as well,” he adds.

It has been reported that the first factory on Silicon Island is projected to begin construction in 2026 and expected to be operational by 2027.

Remark: Silicon Island will see the construction of the high-technology industrial park, Green Tech Park (GTP); global business services and software hub (or GBS Campus); commercial development; housing, as well as green recreational areas which are expected to generate a gross domestic product of RM1.1 trillion, investment of RM74.7 billion and 220,000 employment opportunities.

Cover Story: Penang’s infrastructure playing catch-up with its industrial boom
https://theedgemalaysia.com/node/728632

....The state is also working on addressing its water supply issues through the building of four water treatment plants to support growing demand. Flood mitigation is also in the works, as two major projects — the Sungai Pinang and Sungai Jawi flood mitigation initiatives — have received funding from Putrajaya.

It is indeed a busy time for the state, as upgrading infrastructure works are being undertaken to meet its present and future needs.

Both Sale volume and upcoming ASP hike are all factual

Increase sale volume by 120% to US cannot denied.

The greater export volume is expected in next Q also cannot denied due to US divert order to topglove is factual

Even before tax start incur on China glove, many US already divert to topglove. US custom is very strict and able to tract all china glove and impose tax even if opt to divert from other destination

The Group saw especially strong growth in the U.S. where Sales Volume soared 120%
quarter on quarter, which was further driven by the high number of foreign manufacturers’ gloves being
placed on the U.S. FDA’s import alert list. With the impending imposition of high tariffs by the U.S. on
China made medical gloves, the Group anticipates a greater increase in Sales Volume growth in the
quarters to come.

Nowadays, many product import are require to disclose their entire production cycle to custom. It is no easy pathway for China to escape tax via other destination which essentially eliminate biggest threat for Msia glove player in US

In September 2024, the Group also released the results of a Life Cycle Assessment (LCA) which
evaluates the environmental impact of a product throughout its entire life cycle, from raw material extraction to disposal. The LCA which was carried out on Top Glove’s conventional nitrile powder free
gloves and biodegradable nitrile powder free gloves, revealed that carbon emissions for its
biodegradable nitrile powder free gloves were 8.3% lower than that of its conventional nitrile gloves,
reflecting Top Glove’s continual efforts to reduce its environmental footprint and advance sustainability
in its product offerings.

In July 2024, Top Glove successfully delivered its first shipment of natural rubber gloves to Europe
fully traceable to their plantation origins

No only US custome will monitor, other glove player will collectively monitor any China glove try escape tax from other destination in US to safeguard their market share

just measure your portfolio is full of glove stocks, ready for next year upsurge, especially topglove as it come with bonus free warrant

Next year 2025 and 2026 will be GLOVE year as competition from china is ease off

the most importance is revenue growth, which indicate demand is pick up significantly. Profit margin can adjust upward easily later. Any hike in ASP will be PURE net profit next year

last chance to grab before Topglove recover

Also take note, USD currency have further recover strength to RM 4.30 now

Once ASP hike take effect begin next Q, Topglove profit will growth exponentially. Bonus is get 1 for 20 free warrant as interim reward

Top glove deserve to be top stock performance next year

The Group’s bottom line for 4QFY2024 was affected by the sudden drastic weakening of the U.S.
Dollar against the Ringgit. In response, the Group has revised its selling prices upwards, the effects of
which will be realised from November 2024 onwards due to the time lag

Top Glove has proposed a bonus issue of up to 405.96 million warrants on the basis of 1 warrant for every 20 existing Top Glove shares, subject to shareholders’ approval at the upcoming AGM in January 2025.

“We are pleased to have concluded our financial year 2024 on a positive note. We are now on the final leg of our recovery journey and certain of turning profitable within the new FY25, as glove orders continue their uptrend.

“The group has every confidence in the long term prospects for the glove industry whose fundamentals are intact and robust, and looks forward to far better times ahead,” Lim said.

Top Glove said the upcoming high tariffs imposed by the U.S. on Chinese-made medical gloves are expected to drive significant sales volume growth in the coming quarters.

As the glove industry continues to recover, the group expects ongoing improvements in sales orders due to more positive demand and supply dynamics.

Top Glove noted that glove sales to the U.S. have been rising sharply. It expects this trend to continue following the U.S. Trade Representative's recent announcement. Tariffs on Chinese medical gloves will increase from the current 7.5% to 50% effective January 2025, and to 100% by January 2026.

Top Glove will resume the installation of advanced production lines at its newer factories to ensure the group is well-positioned to meet the rapidly increasing demand for gloves. This installation had been temporarily halted due to oversupply.

However, it maintained a cautiously optimistic approach for capacity expansion plans in light of the volatile business environment which can be affected by geopolitical factors.

“The group’s long-term outlook for the glove industry remains optimistic, as gloves are an essential, single-use item in the healthcare industry, for which there is no viable replacement to date,” it said.

https://www.thestar.com.my/business/business-news/2024/10/10/top-glove-set-to-return-to-profitability-in-fy25

KUALA LUMPUR: Top Glove Corp Bhd’s financial performance has improved significantly in the financial year ended Aug 31 (FY24), bringing the group closer to breaking even, according to managing director Lim Cheong Guan.

“Our full-year Ebitda (earnings before interest, taxes, depreciation, and amortisation) is positive while sales volume growth continues to be healthy. These are strong indicators of market resurgence and we are well positioned to ride the recovery wave.

KWP keep accumulate harta share

KWP keep accumulate more topglove share

The subsidy for chicken was terminated on Nov 1 last year, following which, the supply and price of chicken became more stable.

"When we took the unpopular decision of ending the chicken subsidy, many people belittled our efforts, saying that the price of chicken would soar.

Alhamdulillah, after the subsidy was terminated, the price of chicken no longer soared, and more importantly, the country benefited by saving RM100mil a month," he said – Bernama

Chicken price before subsidy cut amd ceilings price cap is RM 9.40/kg

After gov remove ceilings price and end chicken subsidy, market selling for chicken now at around RM 8/kg. Main chicken stock listed in bursa are CAB, CCK and Mflour (dinding)

Malaysia’s Palm Oil Council expressed confidence that European rules banning imports linked to deforestation will be suspended, after the European Commission’s proposal for a one-year delay

💪

https://themalaysianreserve.com/2024/09/07/macc-probe-into-ytls-1bestarinet-tender-based-on-recent-jkstupkk-pac-findings/#google_vignette

PUTRAJAYA — The investigation into YTL Communications Sdn Bhd (YTL) over the 1BestariNet tender is based on recent findings from the Governance, Procurement and Finance Investigation Committee (JKSTUPKK) and the Public Accounts Committee (PAC) reports received in August.

In a statement yesterday, the Malaysian Anti-Corruption Commission (MACC) said the findings from these two reports reveal several weaknesses, including low broadband coverage, infrastructural technology deficiencies and incomplete broadband access at schools.

It said public information and complaints have also indicated that the project failed to deliver the required broadband speeds needed to enhance the learning process in schools effectively.

Remark: Exactly MACC probe is based on PAC report on wrongdoing in 1bestariNET. Please don spin factual on PAC report

The problem is other egg producers will compete aggressively with teoseng, as without gov subsidy other egg producer need greater promotion to fight market share and their profit.

Therefore, once gov end egg subsidy, active competition among egg producer will increase instead of current more passive competition due to gov subsidy support

The major impact after ending gov subsidy will increase egg market competition, as egg producer cannot rely on subsidy as profit. Egg producer will force to launch price war to protect their market share

The major impact after ending gov subsidy will increase egg market competition, as egg producer cannot rely on subsidy as profit. Egg producer will force to launch price war to protect their market share

1BestariNet: SPRM siasat 30 saksi, - Mahdzir, Muhyiddin juga dalam senarai
Hariz Mohd
Diterbitkan: Oct 9, 2024 12:24 PM
⋅
Dikemaskini: 1:45 PM

SPRM baru-baru ini melancarkan siasatan ke atas projek 1BestariNet yang dianugerahkan oleh Kementerian Pendidikan kepada YTL Communications Sdn Bhd pada 2011 atas dakwaan pembayaran untuk tuntutan palsu.

https://www.malaysiakini.com/news/722019

The impact on egg producer is alike last year chicken producer ending subsidy, stock like CAB earning decrease significantly after chicken subsidy ended

The impact on egg producer is alike last year chicken producer ending subsidy, stock like CAB earning decrease significantly after chicken subsidy ended

The impact on egg producer is alike last year chicken producer ending subsidy, stock like CAB earning decrease significantly after chicken subsidy ended

Infrastructure development, which reduces transport costs and travel time, will boost foreign and domestic investments

So, Penang looking to attract US$115 billion (about RM492 billion) in investments by 2030 by tapping into the front end semiconductor industry can be materialize, following will be rising demand for water and electricity.

GEORGE TOWN: Penang’s Light Rail Transport (LRT) dream will begin to take shape in December with a groundbreaking event, with the first station to be built in Lebuh Macallum.

Transport Minister Anthony Loke is said to have approved a date to get the 29km Mutiara Line landmark project off the ground.

The alignment starts from Penang Sentral on the mainland before crossing the channel to Lebuh Macallum.

From there, the multibillion-ringgit line will pass through Komtar, Bandar Sri Pinang, Sungai Pinang, East Jelutong, The Light, Gelugor, Jalan Universiti, Sungai Dua, Sungai Nibong, Bukit Jambul, SPICE, Jalan Tengah, the Free Industrial Zone, Free Industrial Zone South, Sungai Tiram, the Penang International Airport, Permatang Damar Laut and Silicon Island, which will serve as a depot.

A component of the Penang Transport Master Plan, the Penang LRT will have 20 stations, including two interchange stations at Komtar and Penang Sentral in Butterworth, with completion slated for 2030

Vietnam power plant profit is denominated in USD, weak USD will translate to lower profit to Jaks. In additional, if no mistaken, after enjoy 3 year tax free incentive, profit from power plant will subject to Vietnam gov tax 10%

https://www.thestar.com.my/news/nation/2024/10/09/govt-considers-ending-chicken-egg-subsidy-says-mat-sabu

https://www.thestar.com.my/news/nation/2024/10/09/govt-considers-ending-chicken-egg-subsidy-says-mat-sabu