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Have you finished reading the report, F@@L, Restia? What do you think? There is one thing that I am perplexed after going through it. It is known that the performance is seasonal and Q2 was a low season. The timing of one of its corporate action is probably the non-recurring / one-off contributing cause to the loss rather than seasonality.
spot on, AC :) RM34M forex loss due to full settlement of the HK$ denominated bank loans pulled down the operating profit to RM65.9M. This is where I am perplexed of the timing for the execution of the full settlement of the loan.
170,175 support zone valid,老板很孤寒不舍得洗破170的哈哈哈哈哈……….. 恭喜有买的,大家赚钱最开心哈哈哈哈哈………. 170买180出都超5%了哈哈哈………传统公司有一优点我喜欢的,就是产业都是几十年前买的,现在很值钱的,就算拿票斗长命也安心……又不是买三角以上哈哈哈哈哈…….闪人
China's latest economic measures seems a bit aggressive; particularly addressing the sluggish property sector and liquidity support for China stocks; strong support for equity market if you will. Will there be more measures in coming months to increase the consumer consumption/spending which is their main GDP contributor?
priced in low seasonality in Q3. A better than expected performance in Q3 will send it up north all the way to Q4'24 and Q1'25 which will be a seasonally strong quarters - festive seasons.
coming budget will probably be focusing on lower income groups, B40 and civil servant groups; cash handouts / bonuses / subsidies. Hopefully will drive higher spending during festive seasons in Q1'25.
not a surprise for PRA to exit the watchlist as Malaysia ops has been reporting positive profits for 3 consecutive years now. PRG (China ops) has just reported the first profitable fiscal year in FY23 and we should continue to see 2nd consecutive profitable fiscal year in FY24 barring any unforeseen circumstances. It is PHB that has yet to report the first profitable fiscal year due to impairment charges; so near yet so far in FY23 though. While impairment is a non-cash expense, it will drag the net profit down as impairment is considered as "operating expense". On the positive side, impairment will lower down the asset value which in return will reduce the depreciation expense over the longer term; positive impact to profitability. Either sell non profitable China malls to stop impairment or wait for the inflection point where asset value is lower than recoverable amount. It feels like management opting for the latter as we have not seen aggressive closure of non profitable malls in China yet.
Thanks for sharing, war breaker. More stimulus should be expected from China gomen as they are adamant to meet the 5% growth rate for 2024; which means higher consumer consumption/spending needed to meet the target. Some economists anticipating that a higher fiscal measures in trillion yuan will probably be announced by the end of the month to meet the growth number.
KUALA LUMPUR, Oct 7 — Prime Minister Datuk Seri Anwar Ibrahim expressed optimism about Budget 2025 after signing documents at the Ministry of Finance today, noting that it will strengthen the economic framework and promote equitable distribution. Budget 2025 will be tabled in Parliament on October 18, 2024. “With optimism, I anticipate that during the budget presentation on October 18, further enhancements to the economic framework will be unveiled, aiming to facilitate a more equitable distribution of accelerated economic growth among a wider population,” he wrote on the X platform.He also expressed sincere gratitude to all those who contributed to the formulation of Budget 2025.
In a recent interview with CNBC, Anwar, who also serves as finance minister, said the Madani government will address inflation and boost wages in the upcoming budget. — Bernama
why sifu here keep asking people collect on dip since at 0.30?What strategy, is it unlimited bullet? Last week stock price achieved 1 year lowest 0.165,just rebound then now all very excited than holding speed99....
Let's see whether any new fiscal measures in trillion yuan as anticipated by economists in the two upcoming meeting/conference (1) Ministry of Finance fiscal policy briefing on 12th Oct (2) Standing committee of the National People's Congress on 20th to 24th Oct. China's GDP in 2023 is about RMB126 trillion and more than 50% of it contributed by consumer consumption/spending. The target for 2024 is 5% growth rate. Millions worth of monetary/fiscal policies wont make much of a difference to its GDP :) A 1% of monetary/fiscal policies worth of 2023 GDP is equivalent to RMB1.3 trillion.
Good data coming out of china retail sales :) Better-than-expected growth for China's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Even though that's higher than the 4.5% in a Reuters poll, it trails the second-quarter's growth of 4.7%. On a quarterly basis, China's economy grew by 0.9% in the third quarter.
Chinese and U.S. retail sales going strong: China's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. That's better than the 2.5% estimate in an LSEG poll and August's figure of 2.1%. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September. It's higher than both the 0.1% gain in August and the 0.3% Dow Jones forecast.
China's domestic consumption kept increasing in September, with faster rise in the sales of auto and home appliance, highlighting the nation's significant potential for sustaining economic growth amid a slew of policy supports. In September, the total retail sales of consumer goods reached 4.1112 trillion yuan ($577.45 billion), increased by 3.2 percent year-on-year, 1.1 percentage points faster than the previous month, according to data released by the National Bureau of Statistics (NBS) on Friday.
Sheng Laiyun, deputy head of the NBS, said during a press conference on Friday that series of policy supports launched in the first three quarters have taken significant effect, including releasing domestic demand potential and relevant industrial potential.
Sheng stated that domestic retail sales of automobile grew by 0.4 percent, reversing a negative trend after several consecutive months of decline, including a 7.3 percent drop in August. Retail sales of household appliances surged by 20.5 percent in September, a significant acceleration of 17.1 percentage points compared to August.