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2023-05-25 19:10 | Report Abuse
India is the first one strike a lottery from the war between Russia & Ukraine. Now, India is trying not to sell more goods to Russia and let Russia keeps Rupees in their banks. Hahaha!
2023-05-25 19:00 | Report Abuse
India is so smart to drag (con) Russia into trouble through payment term in Rupees plus 30% discount for the crude oil.
In the first 11 months of the 2022-23 financial year, Indian imports from Russia were worth nearly $41.5 billion (€38 billion), while exports amounted to just $2.8 billion, according to data from the Ministry of Commerce and Industry.
https://www.google.com/amp/s/amp.dw.com/en/russias-rupee-problem-risks-harming-trade-ties-with-india/a-65628922
2023-05-25 13:16 | Report Abuse
Don't know how low MYR can go. High risks for a peanut country bodek the wrong taiko...gg
2023-05-25 12:11 | Report Abuse
Some people get addicted to the USD gg marijuanas news without thinking further consequences.
2023-05-25 12:05 | Report Abuse
most of the Asean countries are like that one. We can cari makan in Malaysia is good enough. Other than that, we can go overseas freely to look for job with the good reputation.
2023-05-25 11:42 | Report Abuse
Somemore, our new PM has not paid a visit to US. There is a price lor.
2023-05-25 11:38 | Report Abuse
How come MYR like this? Is it because of our PM talking so much in proposing reduce reliance on USD? See what had happened to Argentina... Anglo very scary one...they don't blow water but take actions quietly.
2023-05-24 22:44 | Report Abuse
Let it be, let it be, let it be, let it be!
2023-05-24 22:40 | Report Abuse
Good. How we earn a living in the market? We are not smart but it is merely most of them.... I double check against my friends, relatives and colleagues about the reaction of a specific situation. .Many are sharing with the similarities. You know la.
2023-05-24 20:36 | Report Abuse
What would happen to USD when the world falls in recession? As usual, people would go for strong currency for safety reasons. Which country is the strongest now? If you think Russia and China stronger, then convert into their currency for safety purposes lor. Driving the world into the recession would make many countries upside down.
2023-05-24 06:54 | Report Abuse
Don't really know your logic besides the emotional response. Any small issue also related to USD currency crashing...make people laughing. Look into the core issue and problem la.
2023-05-23 21:43 | Report Abuse
How often we play so long term until all the currency dissappear in this world? How many years to go for you and me to see the currency gone for good? Hahaha!
2023-05-23 18:59 | Report Abuse
The realistic part is USD sampah (perceived by certain people) can buy a lot of things in the real world. Without it... Check with North Korea Kim lor.
2023-05-22 19:48 | Report Abuse
Sekarang Malaysia foreign reserves ada USD 115b. Apa akan belaku kalau USD jadi sampah?
2023-05-22 19:16 | Report Abuse
USD belum jadi sampah tapi MYR dah jatuh sampai 4.55. Celaka betul!
2023-05-22 12:33 | Report Abuse
' Technology is the future'...except share price?
2023-05-22 12:03 | Report Abuse
Relying too much on China market? Credit risks shows China represented 68% of the entire trade receivable in AR 2022.
2023-05-19 13:20 | Report Abuse
Kalau USD jadi sampah...apa akan jadi MYR? tarak pakai...
2023-05-19 13:14 | Report Abuse
Tunggu tahun 2024 dan tengok mana currency akan jadi sampah lor.
2023-05-19 13:12 | Report Abuse
USD akan jadi sampah ke? hahaha
2023-02-18 15:20 | Report Abuse
Reit would be the next theme as recession is approaching and Fed to start reduce interest rate by year end.
2022-11-08 19:31 | Report Abuse
This cash rich sister company got more than RM 100 million in its piggy bank. Hahaha
2022-11-08 10:51 | Report Abuse
Donation is too little. Need certain cash rich party to buy more shares before GE? Lol
2022-11-07 18:36 | Report Abuse
May be its cash rich sister company will be snapping the shares after tomorrow. BJFood is a good example of share buyback almost hitting 10%. Lolz
2022-11-07 18:20 | Report Abuse
Everyday, SEM buys back it own shares including today. Tomorrow buyback would be the last batch of hitting 10% limit.
2022-11-04 20:59 | Report Abuse
Dragon. I based on the people view on the existing 7/11 stalls. The fact of its stalls is really outdated and dilapidated. No future. Lolz
2022-11-04 16:59 | Report Abuse
How the share price goes up with the outdated or dilapidated 711 stalls? Disposing Caring is the only catalyst.
2022-11-04 16:54 | Report Abuse
Money has been used up for investing in Caring business for the last 3 years. Time to take back the money and having a face-lift for 7/11.
2022-11-04 16:45 | Report Abuse
7/11 need to have extra money to learn from Thailand 7/11. No money no face-lift.
2022-11-04 16:32 | Report Abuse
7/11 is so old or outdated already with tiny little shops displaying their products. They need money for a faceoff to catch up with the trend.
https://www.google.com/amp/s/vulcanpost.com/787555/7-eleven-convenience-store-malaysia-7-cafe/amp/
2022-11-04 15:43 | Report Abuse
If VT has the ambitious to go big in 7 Cafe business, they need at least another RM 400 million to expand the number of outlets to 1000 units. Tealive Malaysia got 800 outlets lor.
2022-11-04 12:33 | Report Abuse
If SEM doesn't sell Caring unit, the company will be stucked in the middle of expansionary mode due to lack of cash.
2022-11-04 12:30 | Report Abuse
Many have been shaken out especially retailers. Share buyback is the biggest supporter or behind the rally before collapsing. Low liquidity cause high volitile in share prices.
2022-11-04 12:18 | Report Abuse
The problem is that investors don't dare to pump in more capital into highly geared SEM now.
2022-11-04 12:16 | Report Abuse
RM 1.2 billion cash for Caring unit is good enough to SEM in the lowest scenario or pocket cash RM 1 billion (75% stakes)
2022-11-04 12:11 | Report Abuse
The rest is secondary. First priority is to sell Caring.
2022-11-04 12:10 | Report Abuse
In the end, disposal of Caring unit would be the best option available to SEM now.
2022-11-04 12:08 | Report Abuse
When i read 'EBITDA' word, it reminds me of GPacket CEO using this word non stop to boost the prospect of the business in the many articles published by the The Edge few years ago. Lolz
2022-11-04 11:59 | Report Abuse
The biggest problem to SEM now is lacked of cash to finance the growth of 7 cafe and Caring unit. Somemore, hiking in interest rates will squeeze existing the bottom lines level.
2022-11-04 11:44 | Report Abuse
Not much choices to SEM besides disposing Caring unit to pare down the borrowing levels and the extra cash for investing in 7 cafe business.
2022-11-04 11:39 | Report Abuse
Bear in mind that Lease Liabilities, in fact, is a borrowing in another term here. Look at the AR 2021 (Note: 7 Finance Costs), interest payment on lease liabilities RM 36 million in 2021 whereas Payment of principal portion of lease liabilities RM 137 million as shown in the Cash Flow Statement.
2022-11-04 10:34 | Report Abuse
Be prepared for the worst of SEM bottom line if no deal done in Caring business unit. Lolz
2022-11-04 10:26 | Report Abuse
SEM margin is low and non comparable to the Starbucks business with high margin. BJFOOD is able to cope with the rising interest costs.
2022-11-04 10:21 | Report Abuse
What would happen to SEM bottom lines with the existing borrowing RM 1.4 billion in the rising interest rates environment for the next 2 years if the management do nothing?
2022-11-04 10:12 | Report Abuse
To unlock the value of convenience stores business , degearing and improve its growth prospects , it seems that disposable of Caring is a better option.
2022-11-04 10:06 | Report Abuse
With the existing gearing level, SEM growth is limited and won't be easy to borrow money for future rapid expansion especially cafe business. Besides growth bottleneck, rerating is obviously not feasible.
2022-11-03 22:30 | Report Abuse
SEM has thrown RM 29.45 million for share buyback from 7 Oct 22 until now. They need another RM 3.5 million to snap up 2 million shares achieving the max 10% share buyback.
Why SEM wants to spend RM 33 million for share buyback rather than investing in 7 Cafe expansion?
2022-11-03 22:21 | Report Abuse
SEM is highly geared in its existing Balance Sheet position. With the expansion plan of 7 Cafe from 100 to 150 stores, Capex is needed between RM 50 million to RM 75 million this year (assume average RM 500k per store). Now, the interest rate is escalating and they need more money to finance the expansion next year. What would the do? Borrow more money for expansion?
Extracted: 7-Eleven Malaysia is aiming to expand its own cafe store count to between 100 and 150 by this year, up from 28 currently.
Dubbed 7CAFĂ©, the group has budgeted an investment of between RM450,000 and RM550,000 for each new cafe opening in a bid to reach the target, said Wong.
https://www.theedgemarkets.com/article/7eleven-malaysia-aims-expand-cafe-store-count-150-year
2022-11-03 22:10 | Report Abuse
Article from the Edges :
7-Eleven Unaware of Reason for Share Price Rise
Publish date: Wed, 02 Nov 2022, 08:50 AM
Unaware of the reason? Lol
Blog: Dumping US Dollar - Koon Yew Yin
2023-05-25 22:52 | Report Abuse
India was toyed by Russia for buying a carrier almost up to 4 billion and the carrier exploded after put in use and Russia demand more money again for repairing. A big joke!
In 2010, the Indian government agreed to more than double the budget for the carrier to $2.2 billion. This was less than the $2.9 billion Sevmash demanded, and much less than Sevmash’s suggested “market price” of $4 billion.
https://www.google.com/amp/s/nationalinterest.org/blog/buzz/indias-russian-made-aircraft-carrier-total-disaster-heres-why-110246%3famp