More FPSO jobs amidst fewer contractors with proven track record. FPSO contractors would still be in high demand
by clients in the coming year (2024) as Brazil and Africa would still see more contract announcements. Due to the
importance of project execution and funding capability, barrier of entry into FPSO market remains high. YINSON remains
as one of the top FPSO contractors in the world and we believe they remain in very favourable negotiation position with
clients. To note, its top competitors (in terms of track record and trust from the clients) namely SBM and Modec already
have their hands full with 15-20 contracts to be executed, causing competition for new FPSO contracts to be lower than
previous years. Therefore, we believe FPSO contractor with track record and more balance sheet headroom would
benefit from this trend in FPSO industry in the coming years.

Before pandemic, this company was being priced above RM1.20. Fast forward today, they are doing RM1 billion revenue (double of what they used to earn). What do you thing the appropriate FV should be? currently, its just catching up due to severe sentiment priced into the property sector

Oil will hit 100/bbl soon

FY24 projected EPS (sen)

MBB - 33
HL - 30.1
KN - 24.5
MIDF - 27.8
PB - 18.4
RHB - 29
TA - 24.5

Big picture macro themes = food security & inflation + scarcity of farmland/cropland

There were 71,745 vehicles sold in Malaysia in August this year, 13% more than the 63,676 units sold in July, driven by improved supply chain issues and National Day promotional campaigns by some car companies.

According to the Malaysian Automotive Association (MAA), the number of vehicles sold in August this year is also 6% more than the 67,609 it reported a year ago.

Historical plantation PE 17x

Look at this way. you are getting paid 6% every year while waiting. this is cash rich company risk of bankruptcy is low. has dominant market share. stable earnings and cash flows.

Paramount Corp Bhd said it expects to report stronger earnings for the second half ending Dec 31, 2023 (2HFY2023), driven by new launches and ongoing efforts to improve its return on assets.

The group, which recorded property sales of RM617 million in 1HFY2023, has planned property launches worth RM700 million in gross development value for 2HFY2023, on the back of stronger product offerings and recovering demand for home buying. Our earnings recognition and future cash flow will be backed by our unbilled sales of RM1.5 billion for the rest of the year.

Paramount Corporation Bhd aims to launch properties worth RM1 billion by next year as sales momentum continues to be strong for the property industry.

Group chief executive officer and director Jeffrey Chew Sun Teong said the company is optimistic about achieving the sales target given its robust performance during the first half of 2023.

"We need to have a revenue of RM1 billion or more. This means that our property launches will have to be worth more than RM1 billion,” he told reporters after the company’s 1H FY2023 results briefing here today.

@DividendGuy67 The odds of me entering at RM23-24 is low, maybe less than 20% chance.

The odds turned into your favor.

Plantation is at least 1x BV

Hap Seng Consolidated, YTL Power climb on inclusion into FTSE's Asia-Pacific index in September

Coming quarter would be good because of disposal gain. Hope some sweeteners in the form of divvys.

OSK sum of parts min rm2.50
how much holding company discount, up to you

Major shareholder cashing out

Just hold. i have been holding this stock for 5 years. treat it as fixed deposit. you can choose to reinvest the dividends in this company or deploy elsewhere for better returns.

this company has good economics. generate huge cash flows with low capex requirements.

Basically, Tenaga is the proxy to country's energy transition

Any good news?

Totally agreed with the apt description "planting trees on a gold mine". time to unlock value of plantation due to scarcity of lands, food security, etc.

good news?

Selling of Guocera would unlock substantial value to us shareholders

negative for carlsberg

The proceeds will be placed with financial institutions pending identification of suitable
investment opportunities and expansion plans.

"The HLI group will continue to be involved in the manufacturing, assembling and distribution of motorcycles, scooters and related parts and
products; manufacturing and sale of ceramic tiles; and distribution and trading of marine-related products," it added

Hong Leong Industries Bhd (HLI) has proposed to dispose of its wholly-owned fibre cement products manufacturing subsidiary at an indicative price of RM79.5 million.

HLI said it will secure a net gain of RM12.9 million from the sale of Hume Cemboard Industries Sdn Bhd to Saint-Gobain Malaysia Sdn Bhd at the indicative price.

The final sale price will be determined later, said the group in a bourse filing, adding that the sale is expected to be completed in the second or third quarter of the financial year ending June 30, 2024.

Full year 22 sen dividends. Windfall year for us

KLCI has been red for 9 out of 10 years. whether its 1Malaysia, Malaysia Madani or whatever future concepts may be...KLCI performance has been consistent.

wow market so efficient. Q1 profit drop -67% HAPSENG market cap drop -43% YTD

If they can do EPS 80sen, PE 15x = RM12

HLI has been increasing their dividends over the years
2018 - 47sen
2019 - 50sen
2020 - 42sen (exception - covid hits)
2021 - 52sen
2022 - 52sen
2023 - 57sen
2024 - 60sen?

400mil of annual free cash flows for a 3 billion company

Heatwave = higher electricity usage, get it?

Its been 2 years since i bought UP. My cost back then was RM13.90 and i have collected RM2.20 dividends to date. Next month will collect RM1. My effective holding cost (ex dividends) would be RM10.70. If UP can provide conservatively 80sen DPS, my holding cost would become zero/ free shares in 13 years time or 70sen DPS in 15 years time. Conservative investors sleep well.

Family Mart (Japan’s second largest convenience store chain) is owned by Itochu.

Japan’s five largest trading companies — known as sogo shosha — are conglomerates that import everything from energy and metals to food and textiles into resource-scarce Japan.

The five are: Itochu 8001 +2.98%
Itochu Corp.
¥4,247
123
(2.98%)
Open
¥4,157
Volume
3.99M
P/E Ratio
7.58
Div Yield
3.30%
Market Cap
¥6.12T
4,145
4,257
(ticker: 8001.Japan), Mitsubishi 8058 +2.08% Corp. (8058.Japan), Mitsui 8031 +2.66% & Co. (8031.Japan), Sumitomo 8053 +3.19% Corp. (8053.Japan), and Marubeni 8002 +4.55%

Billionaire investor Warren Buffett said he’s planning to increase his investments in Japan’s biggest trading houses, pushing up the shares.
https://www.cnbc.com/2023/04/11/berkshire-japan.html

i eat Famima bread almost every morning & night

actually management did hint of special dividend in q4. weigh your own decision wisely. full year target 13k units...back log already comprises 50% of it

Dialog benefits from these projects because of its port, jetty and port-side tank storage
facilities at its Pengerang Deepwater Terminal (PDT), the gateway through which refineries
import feedstock and downstream products are exported. Dialog charges fees for the use
of the jetty facilities and also builds, operates and leases tank terminals at the PDT to its
industrial customers on a take-or-pay basis over a minimum period of 10 years, or up to
25 years in the case of tanks built specifically for RAPID. Dialog has ample space at Phase
3 of its PDT, which can more than accommodate new tankage facilities for both Rongsheng
and ChemOne, in our view. We do not expect Rongsheng or ChemOne to build new port
facilities, as Dialog has already built competitive port infrastructure.

The stock market could get volatile, but while it does, companies returning large sums of cash to shareholders can pad investors’ returns.

The newest risk is that the current banking problems will reduce bank lending and lead to a slowing economy.

That makes owning shares in companies that are returning a lot of cash to investors attractive. While the price of many stocks whipsaw up and down, owning cash-returning companies can allow an investor to be less sensitive to the price. Dividends allow for some yield relative to the price paid for a stock.

Erm...FPSO orderbook of RM97.3 billion

three quarters already 11 sen dividends. $$$$

As Calvin pointed out, the new senior management has done very well. the company's financial health has improved considerably. they have been FCF positive for many years

A fact well known many many years ago.


Posted by stockraider > 2 hours ago | Report Abuse

Cash rich & veli undervalue stock mah!

With the world’s population crossing the eight billion mark, the demand for palm oil for edible usage remains firm and growing in markets like India, China, Bangladesh, Turkey and the MPOB is strengthening its research and development activities to increase the usage of palm oil for the production of high value-added products for the export markets.

Going forward, there are nevertheless 4 factors which must be monitored closely as the development of these will have an impact on the supply and demand fundamentals and thereby price developments going forward. Firstly, the wet weather conditions towards the end of last year together with the resumption of guest worker inflow to Malaysia is expected to help increase palm oil production in 2023 as the nationwide field losses experienced during 2022 will be minimised.In Indonesia production is poised to increase more strongly in 2023 than in 2022 subject to weather patterns normalising. Secondly, the world production of biodiesel including HVO is estimated to further increase by 9% to reach 55.9 million MT in 2023 from the all-time record level of in 2022 of 51.3Million MT. This was and will continue to be propelled by fiscal incentives in the US as well as rising decarbonisation targets in the EU transport sector. In addition, the Indonesian Government’s drive to increase their domestic palm oil consumption through not only food and oleochemical uses but evermore so through the Government supported biodiesel programme compelling all diesel to contain an admixture of up to 35% of palm oil from 1 February 2023 is expected to increase the current usage by 1.3 million MT during the year. Thirdly, the global economic growth sentiments for 2023 are largely negative due to the higher interest rate levels imposed by major central banks to curb inflation, coupled with Russia´s invasion of Ukraine causing much volatility in supply chains around the world. This is expected to dampen demand for vegetable oils from key buying nations. Finally, weather developments will continue to play an important role for production and price directions and must be closely monitored. Whilst the La-Nina has brought dry weather to particularly Argentina and caused a downward revision in the coming soybean crop harvest, the overall South America production is expected to increase to well-above 2022 levels due to larger planting intentions and the recent favourable weather. This is likely to replenish global stocks.

First Solar is “the most significant beneficiary of the Inflation Reduction Act (IRA) with high visibility on capacity, revenue and earnings growth through 2026.”

15.5 sen dividend

Directors are buying shares.