Anwar Li Qiang witnessed the 14th Memorandum of Understanding, fresh Malaysian fruit, durian is expected to be exported to China
Fresh Malaysian durian fruit is expected to be exported to China!
Chinese Premier Li Qiang's visit to Malaysia welcomed the happy news that fresh Malaysian durian can be exported to China!
Li Qiang arrived in Malaysia last night and began several trips today, including watching China and Malaysia jointly sign 14 memorandums of understanding and cooperation agreements. Among them, China's General Administration of Customs and the Malaysian Ministry of Agriculture and Food Security signed the “Phytosanitary Requirements Agreement for the Export of Fresh Malaysian Durian to China”.
The relevant signatures have also confirmedNanyang Siang PaoAn earlier report. This newspaper reported on the 3rd of this month that Li Qiang is expected to announce the export of fresh fruit durian to China during his visit to China this month to celebrate the 50th anniversary of the establishment of diplomatic relations between Malaysia and China. This will be the good news that China's durian industry is looking forward to, and a new milestone in “durian diplomacy” between China and China.
Prime Minister Dato' Sri Anwar and Li Qiang were at the Prime Minister's office today to witness the exchange of the agreement between Chinese Ambassador to Malaysia, Ouyang Yujing, and the Malaysian Minister of Agriculture and Food Security, Dato' Sri Mohd Shabou.
The agreement sets out the precautions to be taken by orchards and packaging plants that intend to export fresh durians to China, and also clarifies that the Ministry of Agriculture and Food Security will carry out phytosanitary checks.
The agreement signed by Malaysia and China was granted by China's General Administration of Customs (GACC) to grant Malaysia the right to export fresh durians to China under the conditions stipulated in the protocol.
Other departments involved in signing and exchanging memorandums of understanding include the Ministry of Investment, Trade and Industry, the Ministry of Finance, the Ministry of Housing and Local Government, the Ministry of the Interior, the Ministry of Science, Crafts and Innovation, the Ministry of Higher Education, the Ministry of Tourism, Arts and Culture, and the Ministry of Communications.
Relevant areas of cooperation include transnational crime prevention, visas, digital economy, green development, tourism, housing and urban development, higher education and science and technology.
The department that signed the Malaysia-China Memorandum of Understanding and Agreement
Ministry of Investment and Trade
1. Five-Year Plan for Economic and Trade Cooperation (2024-2028)
2. “Strengthening Investment Cooperation in the Digital Economy”
3. “Promoting Investment Cooperation in the Field of Green Development”
Ministry of the Interior
1. “Cooperation to Prevent and Combat Transnational Crime”
2. Letter of Intent for Mutual Exemption of Visas
Ministry of Agriculture and Food Security
1. Protocol on Phytosanitary Requirements for Fresh Durian Exported to China
Ministry of Local Government Development
1. “Cooperation in the field of housing and urban construction”
Ministry of Science, Technology and Innovation
1. “Science, Technology and Cultural Exchange Program”
Ministry of Higher Education
1. “Education Cooperation”
Ministry of Tourism, Arts and Culture
1. Cultural Cooperation Agreement Implementation Plan (2024-2029)
2. 《Tourism Cooperation》
Ministry of Communications
1. “Cooperation between China Central Radio and Television and the Malaysian Government in the field of media”
2. “China Post Office and the Malaysian Communications and Multimedia Commission strengthen cooperation in the postal field”
Treasury
1. “International Trade” Single Window Cooperation between China's General Administration of Customs and the Ministry of Finance of Malaysia
Li Qiang visited Malaysia to further invest in 5 companies and is expected to be a big winner
Of course, Li Qiang's three-day trip to Malaysia also attracted a lot of attention from the market.
Bank of Malaysia Investment Bank believes that this may increase China's foreign direct investment (FDI) in Malaysia, further ease visa requirements, and sign new bilateral trade agreements. The five domestic listed companies may become the biggest winners.
Bank of Malaysia investment bank analysts pointed out that in the past, every time Chinese leaders visited Malaysia, they would bring about various positive measures, including an increase in Chinese investment in Malaysia, and Li Qiang's visit to Malaysia this time may also be beneficial to Malaysia.
Bank of Malaysia investment bank analysts pointed out that in the past, every time Chinese leaders visited Malaysia, they would bring about various positive measures, including an increase in Chinese investment in Malaysia, and Li Qiang's visit to Malaysia this time may also be beneficial to Malaysia.
“We believe that the benefits of Li Qiang's current visit to Malaysia may be more diversified. More than just more foreign direct investment and major construction projects, there are 5 listed companies, which may become the biggest winners.”
The top 5 potential winners selected by this analyst are $MYEG(0138.MY$myEG, $EPMB(7773.MY$、 $ECOWLD(8206.MY$Green heyday, $DIALOG(7277.MY$Dale Group and $AAX(5238.MY$AirAsia long-haul.
Analysts said that the long-standing good relationship between Malaysia and China made China Malaysia's biggest export destination last year, the fourth largest source of tourists, and the second largest source of foreign direct investment.
Major investments made by China in Malaysia in the past include the Alliance Steel (Alliance Steel) steel plant project, China Railway Construction (CRRC) railway car supply, D&Y Group (D&Y Group) cotton yarn project, Huawei's communications project, Jinko Solar's solar panel project, etc.
“What these investments all have in common is the projects finalized during Chinese President Xi Jinping's visit to Malaysia in October 2013, or when former Chinese Premier Li Keqiang visited Malaysia in November 2015.”
He added that after Li Keqiang's visit to Malaysia, he saw a surge in Chinese investment in Malaysia, Malaysia's visa-free discount for Chinese tourists, and the commencement of construction projects for the East Coast Railway Program (ECRL).
“In any case, the Longxin High Speed Rail (HSR) and the Malaysia City project ultimately failed to come to fruition.”
MyEg
Potential benefits: zTrade cross-border trade promotion platform officially launched
MYEG's zTrade platform, which is based on blockchain technology, may significantly accelerate development after Malaysia and China officially sign relevant documents today.
The zTrade platform digitizes trade clearance and tariff calculations, which can reduce processing time by up to 50%.
Following the signing of the agreement today, the Ministry of Agriculture and Food Safety of Malaysia will also announce that it will use zTrade as the official channel to issue agricultural certifications to China, which may include export permits and other permits.
Analysts have yet to include zTrade's potential profit contributions in MyEG's future profit forecasts; after all, it is difficult to predict the volume of cross-border trade.
China has been Malaysia's export partner for 15 consecutive years. Last year, bilateral trade between Malaysia and China accounted for 17% of the country's total cross-border trade.
Potential benefits: zTrade cross-border trade promotion platform officially launched
MYEG's zTrade platform, which is based on blockchain technology, may significantly accelerate development after Malaysia and China officially sign relevant documents today.
The zTrade platform digitizes trade clearance and tariff calculations, which can reduce processing time by up to 50%.
Following the signing of the agreement today, the Ministry of Agriculture and Food Safety of Malaysia will also announce that it will use zTrade as the official channel to issue agricultural certifications to China, which may include export permits and other permits.
Analysts have yet to include zTrade's potential profit contributions in MyEG's future profit forecasts; after all, it is difficult to predict the volume of cross-border trade.
China has been Malaysia's export partner for 15 consecutive years. Last year, bilateral trade between Malaysia and China accounted for 17% of the country's total cross-border trade.
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EP manufacturing
Potential benefits: expand to upstream business and become a local manufacturing partner for Chinese car dealers
EP Manufacturing recently expanded its business upstream, cooperating with Chinese original equipment manufacturers (OEMs), including Great Wall Motors and BAIC Group, to become their right-hand vehicle contract assembler in Malaysia.
The relevant assembly plant will start operation in the second half of 2024, with an initial production capacity of 6,000 vehicles per year. When EP Manufacturing wins more OEM contracts, production capacity is expected to increase to 30,000 vehicles per year.
In addition, EP Manufacturing is also expanding its auto parts supply business to profit from Geely Automobile's investment project in Tanjung Malin. Recently, the company won a contract with Proton to become the exclusive car seat supplier for the latter S70 model.
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$ECOWLD(8206.MY$
Potential benefits: expand to upstream business and become a local manufacturing partner for Chinese car dealers
EP Manufacturing recently expanded its business upstream, cooperating with Chinese original equipment manufacturers (OEMs), including Great Wall Motors and BAIC Group, to become their right-hand vehicle contract assembler in Malaysia.
The relevant assembly plant will start operation in the second half of 2024, with an initial production capacity of 6,000 vehicles per year. When EP Manufacturing wins more OEM contracts, production capacity is expected to increase to 30,000 vehicles per year.
In addition, EP Manufacturing is also expanding its auto parts supply business to profit from Geely Automobile's investment project in Tanjung Malin. Recently, the company won a contract with Proton to become the exclusive car seat supplier for the latter S70 model.
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$ECOWLD(8206.MY$
Green heyday
Potential benefit: Develop more plants and industrial projects
Chinese companies' interest in Malaysia's industrial industry is increasing, and Green Shengshi is expected to benefit. For example, in 2023, China's Haitian Group (Haitian Group) acquired 92 acres of land in Eco Business Park 2, a subsidiary of Lushengshi.
Furthermore, the Bridge Data Center, which is supported by Chinese tech giant ByteDance (ByteDance), launched a data center in Johor's Sedenak (Sedenak) Science Park in October 2022. Developers with a large number of basements in Johor, including Green Shengshi, can benefit from this.
Analysts believe that Li Qiang may also talk about the Longxin high-speed rail project during his visit to Malaysia, which has once again aroused investors' interest in related industrial stocks.
In the industrial sector, the analyst likes Green Shengshi's management approach and the large number of industrial projects in both Klang Valley and Johor (accounting for 10% of the company's total development value). At the same time, the company's net debt ratio is 0.3 times higher, and it is financially healthy.
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$DIALOG(7277.MY$
Potential benefit: Develop more plants and industrial projects
Chinese companies' interest in Malaysia's industrial industry is increasing, and Green Shengshi is expected to benefit. For example, in 2023, China's Haitian Group (Haitian Group) acquired 92 acres of land in Eco Business Park 2, a subsidiary of Lushengshi.
Furthermore, the Bridge Data Center, which is supported by Chinese tech giant ByteDance (ByteDance), launched a data center in Johor's Sedenak (Sedenak) Science Park in October 2022. Developers with a large number of basements in Johor, including Green Shengshi, can benefit from this.
Analysts believe that Li Qiang may also talk about the Longxin high-speed rail project during his visit to Malaysia, which has once again aroused investors' interest in related industrial stocks.
In the industrial sector, the analyst likes Green Shengshi's management approach and the large number of industrial projects in both Klang Valley and Johor (accounting for 10% of the company's total development value). At the same time, the company's net debt ratio is 0.3 times higher, and it is financially healthy.
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$DIALOG(7277.MY$
Dale Group
Potential benefits: Rongsheng Petrochemical (Rongsheng Petrochemical) invests in Bianjialan petrochemical project
In April of last year, Prime Minister Dato' Sri Anwar announced that Rongsheng Petrochemical, the world's largest petrochemical company, will invest up to RM80 billion to build petrochemical refining facilities in Bianjialan.
Analysts believe this will benefit Dale Group as Rongsheng Petrochemical will require local engineering (EPCC) expertise and may also require storage facilities to store its products.
If the investment is finally implemented, Dale Group will be able to provide long-term storage tank terminal services to Rongsheng Petrochemical.
According to analysts' calculations, every time Rongsheng Petrochemical invests RM6.5 billion in storage terminals, Dale Group's market value will also increase by RM4.2 billion, and the stock's target price will also increase 74 cents from the current RM3.13.
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$AAX(5238.MY$
Potential benefits: Rongsheng Petrochemical (Rongsheng Petrochemical) invests in Bianjialan petrochemical project
In April of last year, Prime Minister Dato' Sri Anwar announced that Rongsheng Petrochemical, the world's largest petrochemical company, will invest up to RM80 billion to build petrochemical refining facilities in Bianjialan.
Analysts believe this will benefit Dale Group as Rongsheng Petrochemical will require local engineering (EPCC) expertise and may also require storage facilities to store its products.
If the investment is finally implemented, Dale Group will be able to provide long-term storage tank terminal services to Rongsheng Petrochemical.
According to analysts' calculations, every time Rongsheng Petrochemical invests RM6.5 billion in storage terminals, Dale Group's market value will also increase by RM4.2 billion, and the stock's target price will also increase 74 cents from the current RM3.13.
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$AAX(5238.MY$
AirAsia long-haul
Potential benefit: Malaysia offers permanent visa-free access to Chinese visitors
Currently, Malaysia's visa-free offer for Chinese visitors will end on December 31, 2025. However, Thailand began in March of this year, permanently exempting Chinese visitors.
According to information, Chinese tourists often like to travel to visa-free countries.
Among Malaysian airlines, AirAsia Longhaul has the widest range of business in the Chinese market. In 2019, 25% of the company's available seats per kilometer (ASK) were flights to Chinese destinations (14% for AirAsia).
Analysts believe that AirAsia's long-haul flights are unlikely to drastically increase the frequency of flights to China; however, the company can increase the price of air tickets to and from China.
Analysts expect that every time the ticket price to and from China increases by RM5, the annual core net profit of AirAsia Long Haul will increase by RM16 million to RM17 million, and the target price will also increase by 26 cents from the current RM1.88.
Potential benefit: Malaysia offers permanent visa-free access to Chinese visitors
Currently, Malaysia's visa-free offer for Chinese visitors will end on December 31, 2025. However, Thailand began in March of this year, permanently exempting Chinese visitors.
According to information, Chinese tourists often like to travel to visa-free countries.
Among Malaysian airlines, AirAsia Longhaul has the widest range of business in the Chinese market. In 2019, 25% of the company's available seats per kilometer (ASK) were flights to Chinese destinations (14% for AirAsia).
Analysts believe that AirAsia's long-haul flights are unlikely to drastically increase the frequency of flights to China; however, the company can increase the price of air tickets to and from China.
Analysts expect that every time the ticket price to and from China increases by RM5, the annual core net profit of AirAsia Long Haul will increase by RM16 million to RM17 million, and the target price will also increase by 26 cents from the current RM1.88.
Despite this, today's trends of the five companies mentioned above have not experienced much fluctuation; they are probably still digesting the news, but $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$There was also a slight decline, falling below the 1,600 point level.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
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plain_jane : what this has to do with dialog 7277
南洋商报 NYSP OP plain_jane : Rongsheng Petro has investments there.