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2020-02-06 10:06 | Report Abuse
buy buy …. before u miss the boat....while still cheap....iwcity
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2020-02-06 09:43 | Report Abuse
PETALING JAYA: It is a case of mixed fortunes with the novel coronavirus outbreak, with certain sectors seeing an increase in sales despite a negative overall impact.
Malaysian Rubber Glove Manufacturers Association president Denis Low said its members have been receiving increased orders from countries making preparations to tackle the outbreak.
“Singapore has just ordered 120 million pieces of gloves despite having only a population of about five million.
“The world is getting very cautious and now many countries are building up a stockpile as a ‘defensive strategy’ in case the virus strikes their country hard, ” he said.
Low added that rubber glove sales were predicted to grow by about 20% to 25%, more than the 17% increase during the Influenza A (H1N1) outbreak in 2009.
He also urged feeder industry players such as latex and chemical suppliers to ramp up production as well to match efforts by the glove makers.
Analysts have estimated that glove manufacturers could see an average 14% boost in their revenues for the year 2020, based on an assumption that global demand for gloves would see a rise of 8% to 9%.
Malaysia is the world’s largest glove producer.
Top Glove Corporation Bhd executive chairman Tan Sri Dr Lim Wee Chai said the total orders from China over the past week was more than double their usual sales to the country.
He said they were expecting more orders depending on the severity of the outbreak and how long it would last.
“We have been in the industry for nearly 30 years and have experienced several spikes in demand for gloves during epidemics such as H1N1 in 2009, SARS in 2002 and MERS in 2012.
“The utilisation rate for our production capacity is at 85% and we are able to ramp it up to 95% or 100% when the need arises. We have sufficient raw materials and manpower, and our plants are also highly automated and digitalised, ” he added.
Lim said Top Glove had also pledged to donate three million gloves to hospitals in Wuhan.
Malaysia has committed to donating 18 million pieces of medical gloves to China to assist in the battle against the outbreak.
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2019-12-19 11:08 | Report Abuse
inari keeps going down...… down down… sell... sell
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2019-12-17 19:36 | Report Abuse
HSR is coming , down to south region , high fly IW CITY soon !
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2019-12-17 16:57 | Report Abuse
PUTRAJAYA (Dec 17): TRX City Sdn Bhd has signed the Reinstatement of Bandar Malaysia Framework Agreement with IWH-CREC Sdn Bhd to develop Bandar Malaysia on the 486-acre plot located at the site of the Royal Malaysian Air Force base on Jalan Sungai Besi.
TRX City is wholly owned by the Minister of Finance Inc, while IWH-CREC is a consortium comprising Iskandar Waterfront Holdings Sdn BHd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).
In a joint statement today, the parties announced that IWH-CREC is acquiring a 60% stake in Bandar Malaysia Sdn Bhd, the project's master developer, from its parent company TRX City.
The consideration for the stake sale is RM7.41 billion, according to past reports, which the parties said today "was anchored on Bandar Malaysia's land valued at RM12.35 billion". The project's expected gross development value is about RM140 billion.
In the revived deal, the staggered payment term has been shortened from the original seven years to three years.
In addition to the original deposit sum of RM741 million, IWH-CREC will pay an additional RM500 million as advance payment, bringing the total advance to RM1.24 billion.
Finance Minister Lim Guan Eng said the revival of Bandar Malaysia is an integral part of fostering long-term bilateral relations between Malaysia and China.
"Under the new deal, Bandar Malaysia will be more rakyat-centric, as opposed to previously under 1MDB, when the deal was driven by 1MDB Rationalisation Plan aimed at paying off 1MDB's debt.
"We managed to double the number of affordable homes to 10,000 units. We will also create the 85-acre People's Park, which will be a combination of a single contiguous built park and several satellite parks," he said.
Lim also said the project would see greater Bumiputera participation and give priority to the use of Malaysian produced construction materials, technology and talent.
The statement today confirms a report by theedgemarkets.com last Saturday (Dec 14), which reported that apart from the addition of more affordable homes and a massive park, IWH-CREC will pay RM1.24 billion as advance payment. The report also said IWC-CREC will obtain a bank guarantee of the availability of sufficient funds for the settlement of the purchase consideration.
On completion of the stake sale, IWH-CREC will own a 60% stake in the Bandar Malaysia project while the Ministry of Finance will hold the remaining 40%.
With IWH-CREC being a 60:40 joint venture between IWH and China's state-owned enterprise CREC, CREC will have an effective stake of 24% in the project.
Businessman Tan Sri Lim Kang Hoo controls a 63% stake in IWH, while Johor state government's Kumpulan Prasarana Rakyat Johor Sdn Bhd holds the remaining 37%.
https://www.theedgemarkets.com/article/putrajaya-iwhcrec-sign-deal-officially-revive-bandar-malaysia
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2019-12-17 16:26 | Report Abuse
buy buy buy.... flying soon
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2019-12-17 16:03 | Report Abuse
OFFICIALLY SIGNED BANDAR MALAYSIA , BREAKING NEWS
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2019-11-01 10:37 | Report Abuse
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2019-08-29 21:18 | Report Abuse
scammmm counter..... history repeats itself..... long happ
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2019-08-19 16:04 | Report Abuse
buy back.... will rebound soon..... .
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2019-08-06 15:35 | Report Abuse
air asia will drop again up to 1.75
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2019-08-02 16:24 | Report Abuse
gadang should be rm1 at least..... time to come... good time to accumulate now
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2019-07-26 16:36 | Report Abuse
MONDAY .... THE PRICE SHOULD BE 1.80 TO RM2.10 ONLY #####
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2019-07-25 12:30 | Report Abuse
ECRL on goin next week.... IJM tp... 2.60 soon...
News & Blogs
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2019-07-08 09:59 | Report Abuse
time to collect...… good price right
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2019-07-03 15:53 | Report Abuse
We reiterate our OVERWEIGHT stance on the sector, premised on AIRASIA’s special dividend of 90.0 sen. While we might have downgraded AIRPORT from OP to MP with an unchanged TP of RM8.70, we believe that there could be more potential re-rating catalysts in Oct-19 upon the release of the third consultation paper on the implementation of RAB from MAVCOM. We opine that the third consultation paper is critical with at least 80-90% of its details finalised as it would pave the way for the implementation of RAB in Jan-20, and we might look to review our valuation methodology on AIRPORT upon the release of the third consultation paper as it could be a major re-rating catalyst for AIRPORT.
Mixed fortunes in 1QCY19. Over 1QCY19, share price for AIRASIA registered negative return of 1.8% while AIRPORT registered positive return of 11.2%. We believe that the weakness in AIRASIA’s share price despite the announcement of special dividend of 90.0 sen is due to the challenging operating environment arising from high fuel cost, and lower yields as a result of AIRASIA’s strategy to grab market share with their expanded capacity. As for AIRPORT, we believe that it is mainly due to MAVCOM’s second consultation paper, which is deemed to be favourable for AIRPORT and their future expansion plans upon the implementation of RAB framework. In 1QCY19, both AIRASIA and AIRPORT reported results that were in-line – a sequential improvement over the misses reported by both in the previous quarter.
Healthy domestic traffic underpins steady growth. AIRPORT continues to register steady passenger traffic (including ISG) growth of 3.7%, YoY-Ytd for 5M19 (+4.1% for Malaysian operation and +2.2% for Turkey operation YoY-Ytd), which we believe is on track to meet our target of 4.3%. The steady growth for its Malaysian operations was mainly backed by domestic traffic, which registered growth of 7.6%, YoY-Ytd.
Industry updates. AIRASIA’s special dividend of 90.0 sen was a positive surprise for us, reflecting management’s asset light approach as they are undertaking their digitalisation journey and expansion of new businesses that leverage on technology, i.e. Teleport, BigPay and AirAsia.com. Nonetheless, we opine that its existing business, i.e. air travel to be cruising through cloudy skies due to higher operating cost environment where higher jet fuel cost currently averages at USD78.7/bbl versus its low of USD66.6/bbl.
As for AIRPORT, the future looks better upon the release of the second consultation paper on RAB framework, whereby MAVCOM is considering to benchmark its Return of Asset based on a WACC of 10.88%, and a preliminary approved CAPEX of RM5.0b under the first review period (RP1) from year 2020-2022, charting AIRPORT’s future growth. While we are positive with MAVCOM in engaging every stakeholder, we believe that the hurdle in AIRPORT’s CAPEX plans could be from a major client having a different preference of airports compared to KLIA2. Hence, we would not be surprised if AIRPORT’s approved CAPEX of RM5.0b were reduced after the review of MAVCOM’s second consultation paper. The third consultation paper that is expected by Oct-19 would be critical as it would set the tone for the future development of airports and its PSC charges framework.
As for the implementation of departure levy of RM40/20 per pax for International/ASEAN departure that is slated to take place in September, we do not think that it would have a significant impact to passenger traffic. However, we believe that it might impede MAVCOM’s effort in setting PSC charges through the implementation of RAB for the aviation industry, especially when the departure levy could be utilised for future airport development in rural areas. Currently, the departure levy was aimed at encouraging tourism but with no indication of the use of funds.
Maintain OVERWEIGHT. We upgraded the sector from NEUTRAL to OVERWEIGHT post the May-19 reporting season due to the special dividend from AIRASIA and also MAVCOM’s second consultation paper, which shed more light on the implementation of RAB framework in Jan-20. While we are maintaining our OUTPERFORM call on AIRASIA with an unchanged Target Price of RM2.20 based on 9x PER on its FY20E EPS (excluding special dividend), we downgrade AIRPORT from OUTPERFORM to MARKET PERFORM with an unchanged Target Price of RM8.70 that is based on 1.72x PBV based on its FY20E BVPS. We believe that the next potential re-rating catalyst for AIRPORT could lie in the third consultation paper that is to be released in Oct-19, which would pave way for the implementation of RAB in Jan-20 which would prompt us to review our Target Price for AIRPORT with an upward bias as we look to review our valuation methodology.
Source: Kenanga Research - 3 Jul 2019
Stock: [BAT]: BRITISH AMERICAN TOBACCO (M)
2020-02-20 16:30 | Report Abuse
https://www.sciencemag.org/news/2020/01/who-warning-vaping-draws-harsh-response-uk-researchers