Here's what we have for the week
Significant Event
- Personal
financial marketplace, MoneySmart will be undertaking a reverse takeover
by using Asia-Pacific Strategic Investments Limited as a shell via an SGD
220 million transaction.
- Real
estate developer, Paramount Corp Bhd is venturing into the e-commerce
space via investing RM 10 million in Commerce.Asia.
- Cahya
Mata Sarawak Bhd, the company owned by the King of Sarawak's Rainforest,
is venturing into the energy sector via the acquisition of Scomi Energy
Services Bhd’s oilfield operations for RM21 million.
Real Estate Industry
- Elsoft
Research Berhad, a company involved in test and burn-in systems had
disposed of a property located in Penang Island for RM 38 million.
- Sapura
Mines, a 260,000 sqft office building located in Seri Kembangan is up for
sale. You can check out the property details here.
- ARA US
Hospitality Trust is disposing of Hyatt Place Chicago Itasca for USD 7.75
million.
- Ho Bee
Land, who bought “The Scalpel” in London a few weeks ago, is disposing of
its office asset in Munich, Germany.
Users can get access all the major transactions of offices, lands, and
factories in Malaysia via this tool.
Infrastructure/Logistics
- A RM 62
million contract had been awarded by Pengurusan Aset Air Bhd (PAAB) to
Ranhill Utilities for the replacement of old pipes and related works in Kota
Bharu Timur, Machang, Tanah Merah, and Kuala Krai in Kelantan.
- Pengurusan
Aset Air Bhd (PAAB) has allocated about RM471mil to construct 10 water
treatment plants (LRA) in Kelantan.
- Malaysia
5G infrastructure will adopt a single wholesale model. Up to a 70% stake
in Digital Nasional Bhd (DNB), the government-owned entity to deploy the
5G network, will be offered to mobile network operators (MNOs) such as
Maxis, Digi, Celcom, and U Mobile. (Read Full Story)
Cash Call/ Debt restructuring
- KL
Kepong, a plantation giant had Issued RM2 billion worth of Islamic bonds
or Sukuk through two tranches under its Islamic Medium-Term Notes (IMTN)
program.
- AirAsia
X Bhd had completed its debt restructuring and will write RM33 billion
back to profits in the next quarter. Under the airline's restructuring
proposal, it would pay just 0.5% of the debt owed and end its existing
contracts.
Company Expansion Plan/ Capex Plan
- Johor-based
logistic player, Xin Hwa Holdings Bhd had Invested approximately RM100
million to establish an e-fulfillment center in Shah Alam.
- Kedah-based
building material company had emerged as the single largest shareholder of
Johor-based building materials manufacturer Ajiya Bhd with a 24.68% equity
interest via acquiring the stake for RM104.4 million from Ajiya’s major
shareholder and Avia Kapital.
Users can filter the companies' activities via industry or nature of activities
via using our tool for Malaysia companies and Singapore companies via the link.
Daily Insights
- The
Russia Ukraine war had brought energy prices to a new high.
Energy-intensive industries should be part of our portfolio in the next
quarter. (Read Full Story)
- The
changing landscape of the logistics industry and e-commerce industry. (Read Full Story)
- The
cornerstone of US Dollar hegemony is starting to shake as Saudi Arabia
suggests accepting RMB in the oil trade. (Read
Full Story)
- Supply
disruption in fertilizer is going to affect the world agriculture
production level. (Read Full Story)
- Malaysia
palm oil producers are facing no competitors at the global level as
Indonesia imposed an export levy on palm oil. (Read Full Story)
News we are reading
- Argentina,
which accounts for 41% of global soy meal exports and 48% of world soy oil
exports has halted the registration of export sales of soy oil and meal. (Reuters)
- Accenture
is expanding its presence in Southeast Asia with the plans to hire more
than 2,000 IT professionals for its new Advanced Technology Centre in
Malaysia. (NST)
- Saudi
Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales.
(WSJ)
- Singapore
introduces taxes on NFT trading. (Business Today)
- Australia
has imposed an immediate ban on exports of alumina, aluminum ores, and
bauxite to Russia. Russia relies on Australia for nearly 20 percent of its
alumina need. (Reuters)
If you are an investor, identifying what’s happening in the industry
will give you a long-term view of the industry and ignore the noises. We had
built a tool to help you to focus on the trends that are shaping the landscape
much more easily. Access it here.
Trades we are monitoring
- Short
unprofitable US tech stocks
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What we are thinking
BN had a landslide victory in the Johor state election. If we are
right, the national election should arrive in a very short period of time. If
BN won the national election with a huge margin in this coming election,
investors could expect huge contract flow awarded to industries that are
involved in providing waterworks (Irrigation, flood mitigation, pipe
replacement) and construction companies that could participate in mega
infrastructures such as highway and MRT 3.
On Friday, Sime Darby Property Berhad emerges as the top volume counter, could
it be the start of the Malaysia property real estate industry upcycle? Time
will tell.
In case you are not convinced with the prospect of Kuala Lumpur, a picture is
worth a thousand words.