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$ZHULIAN (5131.MY)$
10% dividend yield

(Kuala Lumpur, 11th) AsiaTong $AXIATA (6888.MY)$ and Sinar Mas Group from Indonesia have officially reached an agreement to merge their respective telecommunications companies in Indonesia, XL AsiaTong, Smartfren Telecom (Smartfren), and Smart Telcom (SmartTel), becoming one of the country's three telecommunications giants.
According to the press release, the merged telecommunications company will be named PT XLSmart Telecom Sejahtera Tbk (XLSmart), with XL AsiaTong as the main entity, and will maintain its listing status in Indonesia. Smartfren and SmartTel will be dissolved.
The above-mentioned merger transaction prices XL AsiaTong at 2350 Indonesian rupiahs per share (about 65.5 cents), according to Bloomberg, this equates to valuing XLSmart at 6.5 billion USD (approximately 28.7 billion 60 million Ringgit).
Yatong stated that the total customer base served by XLSmart is 94.5 million people, accounting for approximately 27% of the PT Telekomunikasi Indonesia market.
According to calculations, after expanding the scale, XLSmart's total revenue is 45.4 trillion Indonesian Rupiah (approximately 12.645 billion Ringgit), and the earnings before interest, taxes, depreciation, and amortization (EBITDA) are 22.4 trillion Indonesian Rupiah (approximately 6.240 million Ringgit).
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Forex losses drag down performance. Third-quarter financial report disappointing.
(Kuala Lumpur, 25th) Lianchang International Securities stated that Malaysia's performance in the third quarter earnings season so far is "disappointing", and warned that profit forecasts for index constituents may face downward risks.
Lianchang International stated that among the companies it covers, more companies are below expectations rather than exceeding them.
Underperforming heavyweight companies include Maersk Line, $MISC (3816.MY)$ due to reduced contributions from liquefied natural gas and offshore operations.
Additionally, Petroliam Nasional Berhad (PETRONAS), $PCHEM (5183.MY)$ had its performance affected by increased depreciation and interest expenses.
Meanwhile, Nestle, $NESTLE (4707.MY)$ as well as Mr. DIY, $MRDIY (5296.MY)$ Companies like (）are performing poorly.
"Especially for exporters or companies relying on overseas income, there have been foreign exchange losses due to the sharp appreciation of the ringgit against the US dollar this quarter."
"These results may pose downside risks to our index profit forecasts, and we plan to review the valuation model of the Longzhong Index after the end of the financial reporting season to reflect profit adjustments."
Currently, Lion Corporation International expects a 13% profit growth for companies in the composite index this year, setting the index target at 1732 points by the end of 2024, while the index closed at 1589.78 points on Friday.
Consumer gloves technology lags behind.
Based on the financial analysis of the report released by Liang Chang International as of November 21, it shows that consumers, hands...