Yeah hope you are rite value88

There is a difference between an accountant and an economist. Accountant is not an economist but an economist is a accountant

PH is useless laa .. lots of infighting

Klcc is always good

Open up your eyes myeg is going to fly buy buy

Bullshit

Rugi aaaa

Aiyooo

Mampus

Securities research update their target price base since petron shares price overeacted. Their recomendation buy call on Petron is revised based on higher oil price for their refining feedstock that is expected to reduce refining margin but overall petron is generating solid cash flow

INVESTMENT HIGHLIGHTS

9MFY18 earnings in line
Marginally higher sequential earnings
Stable earnings in 9MFY18
Maintain NEUTRAL with a revised TP of RM7.76
9MFY18 earnings in line. KLCCP Stapled Group (KLCCP) 9MFY18 core net income of RM541.3m came in within expectations, making up 74% of our and consensus full year forecast. Distribution per unit (DPU) of 8.7sen was announced for the quarter, bringing total DPU to 26.1sen in 9MFY18.

Marginally higher sequential earnings. On sequential basis, core net income inched up by 1.3%qoq to RM181.4m in 3QFY18. The higher sequential earnings were mainly driven by higher contribution from hotel division. Hotel division returned to the black in 3QFY18 after recording profit before tax (PBT) of RM1.5m against pre-tax loss of RM4.1m in 2QFY18 due to newly refurbished rooms back in inventory. Meanwhile, contributions from office and retail division were flattish on sequential basis.

Stable earnings in 9MFY18. On yearly basis, 3QFY18 core net income climbed 2.1%yoy to RM181.4m, bringing cumulative earnings to RM541.3m ( 1.7%yoy). The stable earnings in 9MFY18 were contributed by higher earnings from office and retail divisions. PBT of office division climbed 1.1%yoy, underpinned by full occupancy and long-term leases. Similarly, PBT of retail division increased 1.2%yoy due to higher occupancy rates and higher rental rates of Suria KLCC. Meanwhile, hotel division recorded pre-tax loss of RM0.2m due to higher depreciation from the newly refurbished rooms.

Maintain NEUTRAL with a revised TP of RM7.76. We maintain our earnings forecast for FY18/19. We revise our TP for KLCCP to RM7.76 from RM7.59 as we roll over our valuation to FY19. Our TP is based on Dividend Discount Model with required rate of required return of 7.8%. We maintain our Neutral call on KLCCP due to its neutral earnings outlook. Dividend yield is estimated at 4.6%.

Source: MIDF Research - 14 Nov 2018

Maintain BUY with a new MYR9.50 TP from MYR10.70, 36% expected total return. This is pegged to lower 9x FY19F P/E. Petron’s 9M18 core profit was above expectations, as the drop in refining margins was not as steep as expected. 3Q18 core profit did plunge 52% YoY on weaker refining margin despite the flattish sales volume recorded. FY18F earnings have been adjusted upwards 24.4%, as the drop in margins was not as huge as expected. However, we maintain our FY19F-20F earnings. In our opinion, we believe the market has overreacted to Petron’s weak margins, with implied FY19F P/E at 6x.

Above expectations. Petron Malaysia posted a 3Q18 core net profit of MYR82m, bringing 9M18 core earnings to MYR257m. This was above our expectations – mainly due to the drop in refining margins not being as steep as we initially thought. YoY, core net profit in 3Q18 plunged 52% despite flattish sales volume (3Q18: 9.1bn bbls vs 9bn bbls last year). This was mainly due to the weaker refining margins caused by higher naphtha prices, which resulted in elevated oil prices. A similar core profit trend was observed in 9M18 as a whole, with a 16% decline witnessed due to a drop in refining margins.

Earnings weakness still within range. While Petron’s earnings have been admittedly weaker YoY, this has already been factored into our full-year net profit estimate, which implies a 35.4% plunge. We believe refining margins in the coming quarters will remain weak due to oil price strength – which typically drives feedstock costs – while end-product prices are expected to edge up at a slower pace. The company’s sales volume growth is expected to be maintained at positive levels (FY18 assumption: 4%), lending support to its earnings base.

In the medium term, we do not foresee Petron making hasty decisions by embarking on capacity expansions via a new plant or an upgrade of the existing Port Dickson Refinery. This is on expectations of weaker refining margins in the next two years due to oil price strength. In terms of improvement works, however, the company is acquiring an existing pipeline to relieve congestion at its Port Dickson product jetty. It has also started the design for a new diesel hydroeater unit to comply with the Euro 5 standard by 2020. This is in line with the Government’s policy that all diesel products sold in Malaysia must comply with this standard.

Maintain BUY with a new TP of MYR9.50. Our FY18F net profit has been adjusted 24.4% upwards, as our previous earnings assumption incorporated overly-conservative refining margin estimates. While we maintain our call, TP has been reduced after being pegged to lower P/E of 8x from 11x – this is based on rolled forward FY19F EPS. The reason why we pegged a lower P/E to Petron was due to its weak refining margins trend. We kept our recommendation intact though, as we believe the share price has overcorrected on the margins weakness.

Source: RHB Securities Research - 16 Nov 2018

Dividend is good

Trapper - perks of setting up the business and float it on bskl. It is a capitalist system what do u expect.. run it as a charity

Buy and buy gentleman

Dividend cex date 28/11. Dun lose yr chance to get money

Minyak dunia manyak murah- petron feedstock crude manayak murah

Fuiyooo naik ooo

Dividend coming soon ex div date 28/11

Alright

Harga minyak global sudah turun ... petron refinery feedstock makin murah.

Big jump

INVESTMENT HIGHLIGHTS
•A defensive healthcare REIT
•Asset acquisition to expand portfolio
•Stable earnings in 1HFY18
•Steady earnings outlook
•Initiate Coverage with BUY Call and TP of RM1.45

A defensive healthcare REIT. Al-`Aqar Healthcare REIT (Al-`Aqar) is the world’s first listed Islamic Healthcare REIT and it is also the only healthcare REIT in Malaysia. Al-`Aqar is supported by its sponsor - KPJ Healthcare Berhad. As at Dec 2017, Al-`Aqar’s properties comprise of 19 hospitals and 3 healthcare related properties in Malaysia and Australia with total portfolio value of RM1.46b. In terms of geographical exposure, 21 out of the 22 assets are located in Malaysia while the remaining one asset is located in Australia.

Asset acquisition to expand portfolio. Al-`Aqar is looking to expand portfolio via asset acquisition. Asset acquisitions in the pipeline are KPJ Batu Pahat (RM70m), KPJ Kluang (RM80m) and KPJ Segamat (RM70m). The asset acquisitions are expected to take place within the next two years. Aside from asset acquisitions, Al-`Aqar is also looking at building ambulatory care centre and hospital expansion projects (Ampang Puteri Specialist and Penang Specialist) to expand their portfolio.

Stable earnings in 1HFY18. FY17 core net income of RM59.9m was weaker by 2.7%yoy, in line with weaker topline (-4%yoy) mainly due to loss of income from Selesa Tower. Meanwhile, earnings in 1HFY18 were stronger at RM32.3m (+10.3%yoy), supported by renewal of leases, rental contribution from car park block at KPJ Selangor Specialist Hospital (acquired in December 2017) and lower sukuk financing cost.

Steady earnings outlook. We expect Al-`Aqar core net income to grow 1.4%yoy in FY18 assuming stable rental reversion of +2% per annum. Nevertheless, we forecast FY19 earnings to be flattish as we expect higher refinancing cost of sukuk to offset the higher rental income. Meanwhile, distribution per unit (DPU) of Al-`Aqar is expected to remain stable which translates into net dividend yield of 5.7%.

Initiate Coverage with BUY call and TP of RM1.45, based on Multi Stage Dividend Discount Model (Required rate of return: 7.2%, Perpetual growth rate: 2.2%). We like Al-`Aqar for: i) its unique positioning as a defensive healthcare REIT in Malaysia, ii) stable earnings growth and low earnings downside risk and iii) its distribution yield of 5.7% is slightly higher than peer’s average of 5.6%.

Source: MIDF Research - 31 Oct 2018

hahah capital destruction counter. Perisai just declare bankrupt lee..buat menyemak ajer

Why so glum - be happy

The News

Dagang NeXchange Bhd’s (DNeX) 60% indirectly owned subsidiary Innovation Associates Consulting (IAC) received a letter of award from the Accountant General’s Department Malaysia for the maintenance of iGFMAS. Note that iGFMAS is an accounting accrual system, which was implemented by DNeX for the federal government.
The contract tenure is for 1 year beginning 10 August 2018 and has a contract value of RM59.4mn. Recall that IAC is owned by DNeX’s 51% owned subsidiary Genaxis.
Our View

We are positive on the contract win as it proves that DNeX still has the capability to win contracts under the new Pakatan Harapan government.
We note that DNeX was previously awarded the contract to implement the iGFMAS system with contract value of RM151mn over a 3-year period. We understand that the outstanding amount for the implementation contract is circa RM104mn currently.
We believe the maintenance contract for iGFMAS may be further renewed after the first year. Furthermore, we note that the accrual accounting system may be adopted by the various state governments in Malaysia. It is currently only being used by the federal government.
Impact

We increase our earnings forecast in FY18/19/20 by 1.5%/3.1%/0.5% after including the new maintenance contract into consideration assuming 4 months contribution in FY18 and 8 months contribution in FY19.
Valuation

We increase our TP to RM0.71/share (previous: RM0.69) based on SOP valuation after the revision in earnings estimates. We maintain BUY on DNeX underpinned by 1) better crude oil price and 2) continued growth in its trade facilitation services. Potential new contracts secured by its various businesses will present further upside for the Group.

Good letter.

Earnings dun matter anymore—- a free fall

Sheldon - don’t jinx it.

Jangan mimpi ler akan naik

Jangan mimpi akan naik

KUALA LUMPUR, Oct 18 — The government is looking into giving off-peak hour discounts without increasing toll rates for the next two to three years, Works Minister Baru Bian said today.

He said the Pakatan Harapan (PH) administration will keep the current highway toll agreements with concessionaires under the previous Barisan Nasional (BN) government, at least until the country’s fiscal position improves.

"The government will not abolish tolls but we are discussing on finding alternatives. This includes lowering the toll rates, granting percentage discounts during off peak hours and maybe not raising the toll rates in the next two to three years.

“We will not abolish tolled highways until we reach a stage where our nation's fiscal position is stable and has recovered to a healthy position,” he replied to backbencher Sungai Besar MP Muslimin Yahaya during Question Time in Parliament.

Bian emphasised that the government has to commit to the highway agreements signed until the country’s financial woes are settled when Pasir Mas MP Ahmad Fadhli Shaari (PAS) asked if Malaysians should abandon their dream for toll-free highways.

“Whether or not the public is dreaming (for a toll free highway), it is up to them.

“The policy is clear. There is no abolishment of tolled roads until the nation's finances have recovered,” the minister said

Can

Good news coming?

Waaa pagi pagi sudah sapu banyak

Higher naptha price is no good

Haha.. hutang keliling pinggang still ingat 1.89 ini company aa boleh buat u bankrupt

Tahan sado ni

Second income distribution coming at 1.95 sens/unit. Ex date 18 Sept 2018. Entitlement date 20th Sept 2018@5.00pm

Vote BN

Good volume today

Waaa so fast to declare delay. Work is ongoing and is expected to complete by Sept 19 according to Mohd Khalid senior gm. Initial set back from illegal traders and environment department but shud be on track

Dun forget that Azrb has landed additional packages worth 288million for mrt 2 in Oct 2017 in addition to their 1.44billion job for mrt2 . Another 48 mths of additional cash coming in

Fzeel dun worry about the remisiers or investment analyst recommendation. Target company that you think is cheap to buy given their performance and future potential to generate sustainable revenue and profit

Ya just wait

Yes sell construction related company good good. Stay away dun buy ya!

Azrb has multiple income stream and never involve with ECRL.

Nice..by 2019 This counter will be 0.80sen company with current project in hand

Qtr2 report will be good is it?

Ahmad Zaki Resources Berhad ("AZRB" or "the Group"), headquartered in Kuala Lumpur was incorporated on 26 May 1997, and was listed on Bursa Malaysia since June 1999. From its modest beginning, established as Ahmad Zaki Sdn Bhd ("AZSB") in 1982, AZRB has earned its reputation as the Builder of Award winning Landmarks as well as Infrastructure Projects in Malaysia.