Carimin Qtr result quite promising, if investor exclude one-time earning drop (still +ve earning) due to seasonal monsoon season that affect all oil gas sector, less offshore maintenance business, actually overall Carimin is improving QoQ with 0.9sen earning (better than others Dayang/ Penergy/ Perdana Qtr result) + divident payout 1.4sen. Giving divident payout that also represent management is quite confidence on its next coming Qtr result for Q2 & Q3 onward.

Some more, revisit to Carimin's Q3'FY19 report, actually total cash vs debt ratio improve significantly with strong cash flow. Q3'FY19 total cash improve from RM49.7mil to RM61.6mil (that 24% QoQ total cash improve) + total debt (short + long) term debts reduce from RM58.5mil to RM55mil (+6.3% better). If investor looking onto bigger picture, next coming Qtr Apr till June (Q219) & Jul till Sept (Q319) will be much better, no monsoon season affected, more work sales & contract will be constructed and deliver, eventually deliver better earning result report.

Today share price 0.68 already factor in the worst case of earning -ve EPS result. If it maintain or show +ve earning result, that it a huge potential to shoot up to 1.00 if it hit EPS >+2sen & above.

Imagine for next Q2 & Q3 Qtr result, more earning on core business will improve, more work order & offshore maintenance raise.. strongly believe next 3 Qtr coming result will be outstanding & impressive vs other Dayang/Perdana or Penergy.

if an investor review and research its core business fundamental last Qtr result statement, this Q119 will be an outstanding Qtr result for Carimin in term of increase work order & profit margin.

Buy Carimin now! Mega sales. Great opportunity to collect now. Expected today after hour will come out.

Carimin got multiple business segment include commissioning HUC, mid segment and vessel. Very comprehensive with such small size of company. My prediction on profit margin within 10%+ with
Revenue be equal or greater than Penergy of RM110mil range on this Quarter result mid/end May, expected more work order contract completion.

https://www.mprc.gov.my/sites/default/files/resources/MPRC_OGSE2018_Complete.pdf

Kinda agreed. Per stated, Carimin mgmt hint that all of the work order pending in last Q418 especially on off-shore works was carried out in Q119. That mean most of the Petronas contracts had been give to Carimin by this Qtr result.

China delegates confirm go this Wed, talk with US.

https://www.reuters.com/article/us-usa-china-trade-delegation/china-says-trade-delegation-is-preparing-to-go-to-the-u-s-idUSKCN1SC0I3?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Believe on Apple all go Holland..

Good news. More special dividend payout soon + low oil price below $60 Brent oil.
https://www.klsescreener.com/v2/news/view/467896

Money attracts money. Positivity attracts positivity. This is the reason why rich people associate themselves with positive, powerful and like-minded people who are interested in growing in their lives. But others keep toxic and negative people close to them, that’s why they never succeed.

If investor can hold of 1-2 years, I do believe its share price will be rebound way high from now. Anyhow, YoY earning profit still growing double digit based on 3Q18 result.

Soon after all the negative news & noise dissipate with good earning report in coming next 2Qtrs result, it will rebound slowly. “It will be a while before investor confidence is restored.”

Nomura analyst report:
------------------------------------

Revenue for Genting Malaysia actually rose 14.5 percent year-on-year in the three months to September 30. Such revenue was nearly MYR2.60 billion in the third quarter 2018, versus nearly MYR2.27 billion a year earlier.

The company said adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased “significantly” by 86 percent year-on-year, to MYR814.8 million. The firm said its overall adjusted EBITDA was aided by higher foreign exchange gains on its U.S. dollar denominated assets

Third-quarter profit before impairment losses was MYR661.6 million, compared to MYR301 million a year earlier, said the firm.

Outside the reporting period, in November, the Malaysian government announced it was imposing a 10 percentage point increase respectively in gross gaming revenue tax for mass-market and VIP play at the Resorts World Genting property outside Kuala Lumpur.

Some 3Q upside

A Monday note from Japanese brokerage, Nomura said that “among the positives” for the quarter was resort earnings ramp-up that was “better than expected,” with record Malaysia adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of MYR640 million – up 20 percent quarter-on-quarter – with “stellar adjusted EBITDA margins of 38 percent,” and “operating cash flow of MYR900 million in the quarter alone”.

Nomura analysts Tushar Mohata and Alpa Aggarwal added: “We are pleased that management decided to prudently impair the Mashpee notes to clear a long- standing overhang – this is something we had called for after the gaming tax hike.”

The brokerage also gave some commentary on the legal tussle for Genting Malaysia regarding what was supposed to be a Fox-branded theme park at Resorts World Genting.

The institution said: “Management refused to comment on the status of the legal battle on the theme park or how long it will take to execute ‘Plan B’ – i.e., a theme park without Fox intellectual property.” Nomura added: “While we are disappointed with management’s communication, this was not entirely unexpected.”

Samuel Yin Shao Yang of Maybank Investment Bank Bhd said in a Sunday note his institution had reason to “laud” the fact third-quarter VIP GGR grew by double digits of percent year-on-year.

But he added: “It will be a while before investor confidence is restored.”

Great new! The VOID open official today 6th Dec, now can play already. Indoor theme park Skytropolis preview open by tomorrow at 12noon time. Dont miss the new adventure & thrills.. :) https://cnalifestyle.channelnewsasia.com/travel/star-wars-genting-highlands-skytropolis-funland-theme-park-10999798

Look on MyEg share price today. Even huge impairment losses, but it share price closed today up +6% after drop 5sen at starting market open. This might be same as GenM too, one time impairment loss, cut off the potential losses. Some more this maybe a recoverable impairments profit if get back.

Look on its Q318 core business operations profit exclude impairment loss, actual it gain RM661mil vs 2Q18 RM536mil, with higher revenues of RM2.6bil vs RM2.4bil, that >10% gain QoQ. Compare to YoY that 100%+ gain in term of operations profit gain.

Maybe Monday it wouldn't drop a lot as it alrdy factor in. LKT one shot give all the bad news and reset it business one last deal.. After that then rebound from ashes and become a strong man.

No point to argue here. Go up to GenM now, see yourself the crowd and retailer occupancy. You will surprise by your own eye view. Some more Skytropolis indoor theme park is openings soon by mth end to capture school holiday & Christmas break, it will be a huge gain in non-gaming revenue + more visitors come to GenM, eventually increase casino occupancy as well.
If a person can look on mid to long term, you sure rewarded as times goes especially by 2019 when all indoor + outdoor theme park fully operated.

Today, just go up to GenM, major renovation of indoor theme park is done. Now, just do the minor and touch up renovation.

Maybe by end of this month really can settle and open as expected. All lightning, rides and decoration are finish. Find all touch up and clean up now.

I heard some banker and other fund mgr eating GenM share to take over his shareholder from uncle lim, become direct director whole it's share. That's why Uncle Limited buyback massively on his share now to keep power on GenM.
Strong support!

Be smart investor, study the huge potential in GenM in next year once Outdoor 20th Century theme park open. Don't forget, once indoor & outdoor theme park open, you will amaze by its earnings return .
Genting Msia till now have not revalues it's building, properties, facilities & infrastructure since last 20years+, still using the old 20years properties prices. Once GenM operation business goes full swing in next 1H19, with more visitors & earning improve + readjust it's land & properties valuation, it will be huge potential super earning stock in 2019.

If don't believe, try to buy a studio condo 300sqft in Gohtong Jaya area now, seeling price rm1300+ per square/ft. Imagine if u bought last time 3yrs ago, from rm450 now worth rm1300, how many fold times now.
If one GenM full swing & mgmt revalue it's properties, that will be a huge reward to its investor in next year 2019.

Rethink carefully before sell, don't follow those punter. Be a smart person and be patience.

People are over react here. This tax increase of 10% is already factor in by analysts during previous drop from 5.10, now readjust to 4.50.

GEN Malaysia will easily weather any tax hike, say brokers
Oct 18, 2018 Newsdesk

GEN Malaysia will easily weather any tax hike, say brokers
Markets have priced in any increase to Malaysia’s gaming tax – if it is to occur – meaning gaming stocks, such as Genting Malaysia Bhd, continue to show upside, according to new research from two brokerages. In research notes issued by Nomura International and Maybank Kim Eng Research earlier this week, both brokerages say casino operator Genting Malaysia is unlikely to be strongly affected by higher tax rates.

Nomura said senior Malaysian officials alluded to higher taxes at an investor forum last week as a method to offset shrinking government revenue. This raised concerns that gaming taxes may increase at the announcement of the Malaysian Budget on November 2. Markets have responded by selling down Genting Malaysia stock, which is down 9 percent since the beginning of October.

Taxes on gaming have been unchanged since 1998, when the rate increased from 22 percent to 25 percent.

Genting Malaysia – part of Malaysian conglomerate Genting Bhd – runs Resorts World Genting (pictured), Malaysia’s only casino resort, and operates casinos in the United States, the Bahamas and the United Kingdom.

Nomura expects the earnings of Genting Malaysia to keep growing even if the Malaysian government increases the tax on casino gaming. In a note issued on Wednesday, the stockbroker said the recent correction in the price of Genting Malaysia stock has more than priced-in the worst-case blow to earnings of an increase in gaming tax, and has failed to factor-in the earnings growth due to capacity expansion that will happen in spite of any tax increase.

Nomura said new attractions offered by the company should increase business, so widening profit margins next year. The stockbroker forecasts that Genting Malaysia earnings before interest, taxation, depreciation and amortisation (EBITDA) will grow.

“Given Genting Malaysia’s share price correction of 9 percent since the beginning of October (versus the Kuala Lumpur Composite Index’s 1.9 percent decline), we believe the market has already more than factored-in the bear case scenario of a 5 percentage point increase in gaming tax,” said the Japanese brokerage.

Nomura models two scenarios: a 3-percentage-point increase in the tax rate and a 5-percentage-point increase. It says those increases will remove 6 percent and 10 percent from EBITDA in 2019 and in 2020.

In its research note issued on Tuesday, Maybank also attributes the recent drop in the price of Genting Malaysia stock to fear of an increase in gaming tax. Maybank’s note, written by Samuel Yin Shao Yang, said: “While this risk cannot be discounted, we gather that the market is imputing an overly onerous casino tax hike of eight to 10 percentage points.”

The stockbroker said most of the facilities envisaged by the first phase of the Genting Malaysia programme of capacity expansion have opened, and that the Skytropolis and 20th Century Fox World theme parks will open in the first half of next year. The development will add about 1,500 hotel rooms, as well as recreation and dining opportunities.

“We estimate third-quarter 2018 group EBITDA of about MYR700 million [US$168.42 million], or 50 percent [growth] year-on-year,” noted Mr Yin.

Genting Malaysia reported second-quarter results in late August, with profit up by 104 percent year-on-year for the quarter, despite Nomura reporting a 21-percent year-on-year decline in VIP gambling volume in the same period.

Fear over gaming tax is overblown, nowadays Investor really look on short term & sensitive to headline news. As seem like totally forget of coming GITP revenue boost from visitors, travellers for this coming Skytropolis (expected to open in Nov, 18) & Fox 20th century theme park (early 2Q19). Also don't forget now is 4Q18 holiday season & coming 1Q19 CNY big gamblers from China are coming for holiday travel too. That's huge potential here to capture the market!

The downside risk include higher-than-expected start-up operating and depreciation costs for
its newly-opened GITP properties, and substantial regulatory changes (gaming tax) if risk really occur.

Read back this expectation from analyst report from Nomura analyst.
-------------------------------------------------------------------------------------------------------------------------------

GEN Malaysia to post 24pct earnings CAGR 2018-19: Nomura

Japanese brokerage Nomura says it expects casino operator Genting Malaysia Bhd to achieve a 24-percent earnings compounded annual growth rate (CAGR) for the period between 2018 and 2019. Such growth will be driven by the firm’s ongoing “large-scale capacity expansion”, it added.

Genting Malaysia mentioned that it was “looking forward to the roll out” in 2018 of a 20th Century Fox World Theme Park at its Resorts World Genting casino resort outside the Malaysian capital Kuala Lumpur, as well as to the opening of a new indoor theme park at the property. The facilities are part of the Genting Integrated Tourism Plan (GITP), a multi-phase initiative described by the firm as a 10-year master plan for a major revamp for Resorts World Genting.

Genting Malaysia runs Resorts World Genting, Malaysia’s only casino resort, and operates casinos in the United States, the Bahamas and the United Kingdom.

“We reaffirm our buy rating on Genting Malaysia as one of the few global integrated resorts undergoing large-scale capacity expansion, which is likely to drive this earnings growth (we forecast full year 2018-2019 earnings per share CAGR of 24 percent), and puts it in a sweet spot to benefit from the regional tourism theme,” Nomura analyst .

He added that recent growth in the number of visitors and gaming volumes at Resorts World Genting – as demonstrated in Genting Malaysia’s most recent quarterly results – successful in boosting demand with the opening of new gaming floors and attractions at the property.

In a note published earlier this month, CIMB Investment Bank Bhd suggested that Genting Malaysia may see its margins hurt in the near-term by potentially increasing operating costs. The casino operator’s margins could be under pressure “at least for the first half of 2018”, as the growing operational costs related to the opening of new facilities “could outpace” revenue growth, CIMB Investment Bank stated.

No capital gain or inheritance taxes will introduce in Budget 2019. At least peace of mind for now. Hope GITP indoor theme park open early Nov, then will push up it actual business revenue.

https://www.thestar.com.my/business/business-news/2018/10/15/no-inheritance-capital-gains-tax-in-budget/

let see as it goes, collect slowly as time goes. Biz fundamental is good, just that oil + currency risk. I dont expect Lctitan this Qtr will drop below EPS 10sen by end of Oct result out. For current price 4.60, it way already factor in all the bad news below.

Over sold already investor. Because of Citi downgrade, people rush to sell without knowing the fact. It most probably drop due to fear on oil price up + local currency risk. Investor totally forget that world are still shortage of petrochemical finish products. LCTITAN still can increase it ASP price even macro trend is no beneficial. As long as demand overtake supply shortage, ASP price still can increase accordingly to balance out the oil price & currency risk. Investor also forget that the new 200k plant PP3 alrdy start operations on 3rd September 2018 as well, further boost it output production.

U.S. invites China to trade talks as tariffs loom - White House adviser

For the full story:
https://uk.investing.com/news/economy-news/us-officials-have-reached-out-to-china-for-new-trade-talks--sources-1313443

Potential trade war might be off the table, US initiate the talk with China now after get pressure from US corporate leader to cancel trade war. US invite talk to settle the tariffs talk, market expected to be rebound back soon hopefully.

Mega sale today.. Time to accumulate for those who miss the boat.. Now is the time to enter before AAC big dividend payout come in Oct time frame.. :)

Brent crude oil price drop back to $77 (-2.5% drop today & ystdy), sign of oil price retract to lower trend?

AirAsia complete sell off it's Expedia online worth rm240mil return. Sooner or later AirAsia will become a strong cash flow company with zero debts, moving toward digitalisation airline company. More dividend will be payout soon. Pretty confidence, it dividend payout will reach nearly 97sen (85sen + 12sen) , that 30% payout based on current price. TP 5.50 to 6.00 still intact by year end.

https://www.thestar.com.my/business/business-news/2018/08/14/airasia-sells-online-travel-agency-stake/

rebound back to normal now

Here stated, next Qtr analysts say tourist seasonality next quarter should help recovery and that plans to introduce a fuel surcharge could partly offset higher jet fuel prices. We should all stay calm, some more the $USD 0.5billion already received by Airasia Group Berhad, this Qtr earning will be very good in overall EPS result.

Good to recalled back on past AA analysis report. That's true. If investor patience, we will reward handsomely per Warren Buffet's invest strategy.

Tony did mention, for jet fuel price it only hedge 20% oil price for this year due to many oil expert said oil price supply is aplenty, not worth to hedge big for now. In addition, Tony did said if incase oil price future does goes up, it will raise the air fare ticket of remaining 80% through time by offset by airfare surcharge, ancillary costs & online purchase goods. This surcharge fuel cost definitely will follow by all airline companies industry to balance off the fuel price increase if it happen in future.

In net, if all companies raise their ticket price, for sure AirAsia business will growth even faster in coming mths as AA airfare still the cheapest low cost air ticket, further boost up it profit in term of volume travels as more traveller will pick AA vs other airline due to low price ticket with good quality service.

Fyi, ystdy oil price big drop -3.5% and now drop another -1.0% . I still believe AirAsia will be a big grow by this year with all their good news that it moving in the right trend.

AirAsia complete trf 39 airlines to BBAM and so far receive USD $0.5bil, still half to go. As expected and stated by analyst reports, all aircrafts will be completed transfer before end of this mth Aug 2018.
Just buy now before the plane really fly off and jump higher then to hit TP 6.00 then.

http://www.theedgemarkets.com/article/airasia-transfers-9-more-aircraft-us146m-part-divestment-plans

Consolidation mode again, many good news and growth for Airasia. After stabilize, it will rebound to 3.80 in short term, perhaps next few days. Undervalued and growing business, sure FF eye on it for big grow. TP 5.00 can hit easily this year end.

AirAsia improve it cloud9 security, work to enhance online security with Alibaba, that a good collaboration for better online security. AirAsia definitely transforming it's digitalisation online businesses with good security system.
Well done AirAsia & keep on improving its services.

http://www.theedgemarkets.com/article/cyber-security-top-priority-alibaba-cloud

Per tony stated, he is confidence that these 3 LCCT going to be materialise to build in Msia ( Penang, KL & Kota Kinabalu ) as an Asia airport hub. M'sia will be the next South-East Asia airport transit hub for Asia traveller, benefit for both Airasia & MAHB collaboration in term of business earning profitability.

Future is bright as these 3 LCCT airport hubs eventually will bring huge boost profitability to overall business supply chain effect across all business retailers, F&B chains, fashions shops, etc - become Asia transit destination.

We just need to be patience & let the share price appreciate as time goes!

No news = share price flat / drop
Good news = share price up cause buy when momentum and good sentiment up.
Bad news = share plunge cause people react to bad sentiment

Most important, catch the share price up before no or bad news come.

If we recall back on previous 1Q18 Qtr earning result statement from Tony & analyst reports, the final payment of AAC lease sell off of USD$1.08bil from BBAM will be payout by this middle/end mth of Aug, 2018. Soon, this will be announce in Bursa and shareholder reward with good dividend payout then. :)

Oil price big drop in coming weeks. Be patience and wait for TP 5.50
http://www.theedgemarkets.com/article/oil-trades-near-us68-inventory-and-opec-output-weigh-market

Yesterday night oil price big drop of -2%, today drop another -1% due to more oil supply come back. OPEC & US shale oil supply increase to hitch oil price. Analyst expected stay within $65 range. Good for AirAsia in coming months to growth further, fly higher.

Kenanga Research has maintained its “add” call on AirAsia, with a raised target price of RM4.84


AirAsia’s capacity growth continues. For FY17, AIRASIA expanded their fleet by 24 planes and plans for another 29 planes in FY18 (Malaysia +7, Thailand +7, Indonesia +3, Philippines +5, India +7) bringing total aircraft capacity by end-2018 to 225 planes. We are positive on the planned capacity increase as we foresee AIRASIA being able to maintain healthy load factors of >85% while sustaining airfare prices stemming from: (i) strong travel demand in the long run, coupled with their (ii) extensive route options with optimal frequencies, (iii) higher digital conversion rates from simpler website navigation and mobile application, (iv) targeted marketing, and (v) dynamic pricing strategy. Note that despite the increased ASKs of 18% QoQ for 1Q18 (from increased fleet and higher plane utilisation), RASKs were only marginally compressed (-2%). We believe this is due to AIRASIA increasing their market share through trunk routes as other domestic airlines (Malindo and MAS) rationalised frequencies to avoid price wars. In addition, AIRASIA is continuing to push for a higher aircraft utilization rate of 14 hours (previously 13.1 hours in 1Q18) by focusing on shorter domestic routes in FY18, allowing for shorter turnaround times. All in, we expect ASK growth of c.6% translating to revenue growth of c.11%.

Value unlocking. In line with AIRASIA’s promise to dish out special dividends at least once every two years, we are positive on AIRASIA’s plans to continue unlocking assets. While AIRASIA has recently announced the long-awaited sale of their leasing arm AAC, we believe this is among the first of many more assets to be unlocked such as: (i) Expedia (expected sale in 3Q18), (ii) their inflight F&B business ‘Santan’, (iii) ‘ROKKI’, which provides wifi service onboard, and (iv) Red Cargo.

Analyst prediction USD Vs MYR stronger within 4.18 to 4.20. Good for glove export oriented stock in coming mths.

http://www.theedgemarkets.com/article/ringgit-trade-between-418-and-420-against-us-dollar-end2018-%E2%80%94-mier

It summer time in US, oil demand is high during mth June till Aug. After that will slowdown.
News out Saudi King agreed with Trump to pump in more oil supply to market of 2.0mil barrel/day, this will bring down oil price soon.

https://www.thestreet.com/markets/trump-says-saudi-arabia-agrees-to-2-million-barrel-per-day-crude-output-boost-14639198?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

https://finance.yahoo.com/m/b7baa71e-68d1-366b-81f7-f1c8527991cf/saudi-arabia-is.html

Previously foreign fund sell Airasia due to Airasia India-Tata license issue. Once this case settled, FF will come back then.
Latest internal audit revealed no evidence stated Airasia India has any wrong doing.

http://www.theedgemarkets.com/article/tata-sons-says-venkataramanan-continue-serve-airasia-board

Airasia AGM 2017, good article. Thanks.

https://klse.i3investor.com/blogs/Airasia_AGM2017/162110.jsp

https://www.business-standard.com/article/companies/after-cbi-ed-files-money-laundering-case-against-airasia-officials-118060100031_1.html

Starting by tmr, Lctitan will start to go up!

MYEG share price way overvalued, now 1.27 PE is 22. Not worth to buy since GST going to eliminated, previous BN related contracts will be review & terminated. It should worth less than $0.60. Risk is super high now!

it climbing back slowly, Lctitan group hold 76%, with today more small retailer sell almost their share, our hard-earned half year profit wipe out, I believe it will stable within 6.00 range. Since macro economy on Q2'18 projected to be better due to tight supply & demand, it should be good to keep for mid to long term for 2018 year due to production capacity increase on TE3 & PP3 plants.

Good time to accumulate share when it still low and undervalued for this period of time. :)