The demand for utilities (i.e. electricity and gas) is expected to rebound in 4Q21 in tandem with Malaysia shifting towards Phase 2-4 of NRP. However, the recent surge in global fuel energy prices has raised concerns on the impact to the economy and utilities sector. We expect the surge in fuel energy prices to be relatively short-term and the RAB-ICPT mechanisms remain intact, protecting TNB from the surge of fuel costs (to be covered by combination of subsidies by government/KWIE and allowing surcharge to end users), while YTLP and PGB are not directly affected by the fuel energy prices. Utility-cos are also adhering to government’s commitment towards carbon neutrality by 2050. We maintain Overweight on Utilities sector, with BUY for TNB (TP: RM12.50); YTLP (TP: RM0.85); and PGB (TP: RM19.00), on the companies’ stable earnings and sustainable dividend payouts.

RM0.30-40 sens ok kot

dividend even low will still be better than most blue chip counter in Bursa

Come and list your ipo in Bursa laaa

Parkson china is the biggest revenue contributor and they are on the roll!

Prospects
For the fifth quarter ending 30 September 2021, the Group's Retailing division is expected to experience lower traffic flow in the absence of major festivities, besides facing many challenges brought on by the prolonged COVID-19 pandemic.
In light of the challenging market environment amid the pandemic and weak consumer sentiments, the Group has at all times continue to focus its priorities on enhancing product offerings, optimising operational efficiency and productivity as well as cost rationalisation. At the same time, Parkson China will continue to broaden its product range, initiate variety of operation modes to diversify the income source, and enhance multi-channel services, to fully seize the opportunities brought by market recovery.

Parkson is a member of The Lion Group, an international conglomerate which was established in the 1930s in Malaysia. Parkson is currently operating a network of 123 department stores across Malaysia, China, Vietnam, Indonesia and Myanmar, spanning 2.1 million sqm of retail space and serving over 100 million customers a year.

29 June, 2005 marked the official launching of the first Parkson department store in Ho Chi Minh City as one of the leading department store brands in Asia. This was the first time Ho Chi Minh City welcomed a department store with an international standard.

Parkson has been managing 4 department stores: 2 in Ho Chi Minh City, 1 in Hai Phong and 1 in Da Nang where shoppers can find more than 300 well-known international fashion brands and many of them had never been distributed in Vietnam prior to Parkson's entry. These brands include Shu Uemura, The Body Shop, Estée Lauder, Lancôme, Clinique, Shiseido, Lacoste, Levis, Ecco, Geox, Adidas, Nike, Hush Puppies,... Popular Vietnamese brands such as Vera, Nino Maxx, N&M, An Phuoc can also be found at Parkson.

Parkson offers a wide range of entertainment services and food & beverage service that cater to all needs of customers. Parkson is keen on bringing to customers a special shopping experience with various promotional events happening throughout the year.

In addition to special promotions developed for Christmas, New Year and Lunar New Year, Parkson also hosts a number of sales events with specific themes such as: Summer Sales, Beauty Fair, Lady’s Fair, VIP Sales …

Besides, Parkson has always wanted to contribute to community development by organizing charity campaigns, funding for scholarships for underprivileged children and participating in environmental activities on a yearly basis.

With a motto Parkson - Fashion, Beauty and Lifestyle, Parkson has quickly positioned their professionalism in the retail market as a reliable distributor of high quality fashion, beauty and lifestyle products, contributed to bring to Vietnamese customers a trustworthy shopping destination.

Parkson NTA is RM1.59/unit

Tenaga is smelling fishy? On the contrary my dear..Tenaga is milking it with recovery

Crash is inevitable..sell now

Risk of transmission is reduce

Dun be liddatla…..vaccine or not vaccince…all can spread covid maaa..but if school got SOP..wear mask..sanitize and everyone follow..risk of transmission is not

Air Asia Digitlal business will not able to help a cash hungry operation such as Air Asia Aviation

Easy for TF to file for bankruptcy as Air Asia Aviation rather than Air Asia as a whole

Avianca, one of Latin America's largest and oldest airlines,filed for Chapter 11 bankruptcy in May. Like other airlines, Avianca's woes were caused by coronavirus-related drops in travel demand.

The airline's flight operations have been grounded since mid-March due to the pandemic, and the company's income has fallen over 80%. In filing for bankruptcy, the airline said it hopes to continue operations as COVID-19 restrictions are gradually lifted.

Virgin Australia entered "voluntary administration," the Australian equivalent of Chapter 11 bankruptcy, on Tuesday, April 21.

Although the Brisbane-based airline had suspended most of its operations and furloughed most of its employees, it was still losing money operating about 65 daily flights.

The airline said it would continue operating during the restructuring process. It entered administration after a request for aid from the Australian government was denied.

UK regional airline Flybe entered administration — a practice similar to declaring bankruptcy — on Thursday, March 5. Although Flybe was already on the brink of collapse — despite a major investment by a Virgin Atlantic-led consortium the previous summer — the coronavirus crisis pushed it over the edge. Flybe operated about 40% of domestic flights in the UK.

Khazanah buy over Air Asia Aviation for RM1. TF will be happy to jump ship to Air Asia Digital

Nomura Global Anaylse is the only way Air Asia is going to survive their huge debt RM2.5 billion is to get a massive cash injection bail out. My view, Air Asia to be bought over by Khazanah and merge with Malaysia Airlines

When you have 7 analyst from different background and from different research house making the same SELL recommendation for sure they are bullshitters right ..hahaha...even layman like me know...look at Evergrande..share price tank because heavy debt and cannot pay bond interest. Many examples of company go bust due to cannot service debt

Given this grim financial ICU scenario, analyst say not to pay more than 90 sens for air asia

In june 17 2020, reported in the Edge by Kang Siew Li. Back then the analyst estimate Air asia cash burn rate was RM120million a month..now i estimated they have reduce the cash burn rate to RM50million a month

Nomura Global Markets Research aviation analyst Ahmad Maghfur Usman estimates that AirAsia’s cash burn is now at RM120 million a month (excluding fuel hedging losses and after payment deferrals), given that it has trimmed its fixed burn costs by 60%.

Now that Air Asia has secured a govt guarantee to obtain a loan of RM500 million loan from banker. Still, the new debt would not be enough. Combining the reported syndicated loan amount of RM1 billion, the RM500 million government loan and the rumoured private placement of RM334 million would raise less than RM1.9 billion for AirAsia, which pales in comparison to the proceeds raised by foreign airlines. In March, Singapore Airlines Ltd undertook a massive cash call to raise S$15 billion (RM45.9 billion), not only to deal with the impact of Covid-19 on its business but also to position it for growth beyond the pandemic.

Air asia has registered already registered a loss since 2019 before covid already

Cheeseburger..we need to be aware of pump and dump operator..who talked up Air Asia shares but actually it is a loss making company that is in icu burning estimated RM50million per month. All research investment anaylyst said not to buy more than 90 sens and not impress with the unicorn status of start up venture air asia digital that has yet to earn any significant cash contribution to reduce the cash burn rate of RM50million per month

soory typo i estimate at RM50 million cash burn rate per month

Good Citadel...protect your capital from capital destruction betting on Air Asia to recover from huge debt. every month Air Asia burns approx RM500 million per month!

Fgv diversifying is a good thing

FGV Holdings Bhd aims to capture a 3.5% share of the local fragrant rice market by the end of 2025 under the group's household brand Saji. This would be made possible with the implementation of the Fortified Field Fragrant Rice programme by its subsidiary FGV Integrated Farming Holdings Sdn Bhd, which optimises local fragrant rice paddy farming through smart and effective agricultural practices and technologies. (The Edge)

Aaaa i see

5 gigawatt RE expansion in 2021-2030
TNB also reiterated that it is committed to ensuring security of energy supply, affordability and sustainability, partly with the expansion of reliable and affordable renewable energy (RE) sources.

“In keeping with the government’s RE aspirations and TNB’s journey towards sustainability, TNB is committed to ensuring that the country's long term power generation mix will include 30% of hydropower,” it said.

“The diversification of fuel resources and healthy reserve margin of the system has enabled the power sector to minimise the impact of the shortage in coal supply.

“The 300MW Nenggiri Hydroelectric Project in Gua Musang, Kelantan is a high impact project that will further strengthen the nation’s security of electricity supply, once it is ready in 2026,” it added.

There is still a long way to go for Malaysia’s RE capacity installation. Solar, which makes up 2.3% of total installed capacity as of August 2021, merely produced 1% of power in 1H2021.

Including the Nenggiri hydro project, the government anticipates installing an additional 5,047MW of RE generation that can meet one-fourth of peak demand by the end of this decade.



https://www.theedgemarkets.com/article/tnb-assures-malaysias-coal-inventory-good-position-despite-tightening

FGV price is undervalued despite high CPO price until next year 2022

Gong xi fa chai - hope you get rich with air asia

Buyer beware - caveat emptor..

24.6 billion loss in a quarter..so shocking

What a crazy result 24 billion loss

Yes until then which is a question mark..do not overpay more than 90 sens for air asia stock

Do not overpay more than 90 sens for air asia. Listen to the analyst

The Southeast Asian company as a whole is still not profitable — it lost $800 million in 2020 on an EBITDA basis and projected a $600 million loss for this year, according to regulatory filing.14 Apr 2021

Even grab cannot make money…air asia digital gojek bolehke

Just a startup air asia digital

To add, a unicorn’s valuation has nothing to do with the way they perform financially. Take for example Grab, who, as a whole, is still not a profitable company, though CEO Anthony Tan claims it is profitable in certain verticals. Yet the startup is set to be valued at US$39.6 billion.

For many startups, the billion-dollar valuation will come from investors and sizeable funding rounds, but an acquisition can also boost a company’s status overnight.

Those who overpay air asia better cabut now and come back again below 90 sens

Modern Land is asking investors for more time to pay back a $250 million bond, according to a company filing with the Hong Kong Stock Exchange on Monday. The payment was due October 25. Modern Land said it wants to extend that deadline to the end of January as it seeks to improve "liquidity and cash flow management and to avoid any potential payment default."

The company said in a separate filing that Chairman Zhang Lei and President Zhang Peng intend to provide about 800 million yuan ($124 million) in loans to support the company. Shares in Modern Land fell more than 2% in Hong Kong on Monday. The stock is down 45% this year.

Another developer in china going under cannot pay debt

Dun overpay loss making air asia. Analyst have done their calculation to buy Air Asia lower than 90 sens and they are not easily impressed about air asia digital that hs yet to generate a billion ringgit sale

Many airlines are aggressively trying to rehire pilots as well as cabin crew and ground staff, but that’s not been a simple process and some jobs are left unfilled. Careers in the industry no longer look as secure as before.

Majority Analyst from research house valued Air Asia less than RM1.00

Air asia digital business is still at an infant stage and already TF hyping it as a cash cow for Air Asia……dun overpay for air asia share.

But its finances may not be steady enough to fuel his ambitions. Hit by a price war and the plunge in air travel, the company incurred net losses for seven straight three-month periods from the third quarter of 2019 through 2021's first quarter.

It sank into negative net worth in the third quarter of 2020, with its net liabilities exceeding 4.1 billion ringgit ($987 million) as of the end of March. With a Malaysian lockdown in June as well as rising coronavirus cases in Thailand and Indonesia, the carrier is expected to report this month a deep loss for the second quarter.

Like a sinking ship air asia is burning cash