REXIT remained committed to grow its customer base in e-Cover, InfoGuardian, and e-PPA. The group is in negotiation with various potential customers, targeting to bring two new customers on board in FY24. The revenue generated from the two new customers is expected to be in both transactions and subscription basis. Meanwhile, the group has been continuously refreshing its e-Cover portal and engaging existing customers for the implementation of additional products and services.
Read MoreResin continued to see price erosion in 3Q22, largely due to the overhang resin supply in the market as well as the overall lackluster demand amid uncertain global economic condition. We expect price consolidation to continue in the resin market before producers clearing out inventory overhang to rebalance supply and demand.
Read MoreWe gather that the extended normalisation of tin prices appears to found stability early-November 2022 (c.USD16,900/MT) before staging rebound above USD20,000/MT over the past week in anticipation of recovery in demand following the potential easing of Covid-19 restrictions from China. Still, we think that tin price may remain soft due to weak demand from the consumer electronics sector. For now, we have revised our tin prices projection lower to an average of USD20,000/MT for the rest of the year and an average of USD25,000/MT for 2023f.
Read MoreThe FBM KLCI reversed lower as investors await the formation of the new government; foreign investors remained as net seller for the fourth session. The local bourse may stay in the consolidation mode with the focus on the political scene while eyeing the nomination of the next PM candidate. Meanwhile, the global sentiment was dampened by worries over global growth slowdown after China imposed a stricter Covid-19 curbs.
Read MoreUnisem (M) Bhd (UNISEM) is regarded as a global provider of semiconductor assembly and test services, supported by approximately 7,000 employees worldwide with factory located in Ipoh, Malaysia and Chengdu, China.
Read MoreOverall, occupancy rate has been gradually showing a mild uptrend move QoQ for majority of the buildings. As at 3Q22, the occupancy rate for older buildings aged more than 20 years which include UOA Centre, Wisma UOA II, and Wisma UOA Damansara I stood around 68.0-73.0%. For newer buildings such as Menara UOA Bangsar and UOA Corporate Tower, occupancy rate remained above 90.0%. Meanwhile, rental revision rate for 3Q22 remained flattish.
Read MoreWe gather that orderbook replenishment now stood at RM1.62bn, largely surpassing RM1.28bn recorded in FY21. Given that demand for from big data centers, electric vehicles, IoT and 5G applications are still in the picture, there is no slowdown in global wafer fabrication plant expansion plans. We believe that KGB is well positioned to ride onto the aforementioned growth and we made no changes to our orderbook replenishment assumption of RM1.20bn for FY23f.
Read MoreHung parliament is likely to contribute to the knee jerk sell down. The market may stabilise after the PM candidate is sent in at 2pm, but with some side effects. PN coalition – the market may avoid sin sectors, while focusing on shariah related. PH government – the market could focus on construction, telco and renewable energy, but may not be corporation-friendly. Traders may pick up apolitical sectors such as telco, utilities, O&G and consumer. Also, high net cash, low gearing and high dividend yield companies could be seen as good to accumulate during the knee jerk sell down.
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