Tencent Technology plans to privatize its Hong Kong subsidiary. Analysts: Enhancing profit potential.
Tencent Technology $PENTA (7160.MY)$ Bidding 0.1 billion 58.47 million 2000 Hong Kong dollars (approximately 91.8 million Ringgit), to jointly privatize the Hong Kong-listed subsidiary PENTAMASTER International Ltd (PIL) with partners. $PENTAMASTER (01665.HK)$ It holds a bullish view on enhancing profit potential.
Tech giant Tencent recently announced that it will collaborate with the Chinese private equity firm Achi Capital, focusing on semiconductors and technology, to privatize PIL.
In this corporate activity, Tencent will invest 0.158 billion2000 Hong Kong dollars to acquire a 7.1% stake in PIL, with the funds raised through internal financing.
According to analysts at Sinolink Securities, after the privatization is completed, Tencent's stake in PIL will increase from the original 63.9% to 71%, enhancing profit potential. Additionally, leveraging Achi Capital's expertise can drive the latter's growth.
Meanwhile, Achi Capital will hold the remaining 29% of PIL's shares through its 84.4% owned Special Purpose Vehicle (SPV) Puga.
The privatization proposal this time is to offer HK$0.93 per share to acquire the remaining stake in PIL, which is higher than the latter's closing price of HK$0.80 per share on Thursday, a premium of 16...

11 Ringgit privatization is too cheap, Fonglong Investment Bank: Malaysia Airport is valued at 13.71 Ringgit.
Khazanah Holdings and other government-linked institutions want to privatize Malaysia Airport. $AIRPORT (5014.MY)$ Finally, an independent report has been released. Despite Fonglong Investment Bank advising minority shareholders to accept the proposal, they still point out that the valuation of Malaysia Airport could reach 13.71 Ringgit per share, and the acquisition proposal of 11 Ringgit is "unfair"!
Fonglong Investment Bank categorizes Malaysia Airport's business mainly into airport operations and non-airport operations (including hotel management, agriculture, and horticulture among non-core businesses), and has independently valued these two businesses.
According to the Sum of Parts Valuation (SOPV) method, the valuation range of Malaysia Airports is between RM 12.61 and RM 13.71 per share, while the proposed acquisition price is RM 11 per share.
This represents a discount of 12.77% to 19.77% compared to the company's valuation range.
Therefore, the offer of RM 11 is 'unfair'.
Nevertheless, the independent report still points out that Malaysia Airports' net asset per share is only RM 4.89; the offer of RM 11 carries a premium of RM 6.11, or 124.95%.
It is suggested to accept the "reasonable" proposal.
On the other hand, Fenglong Investment Bank also pointed out that the acquisition price of privatization premium compared to the 5 days, 1 month, 3 months, 6 months, and 1-year volume-weighted average prices (VWAP) prior to the announcement of the takeover, increased by 3.97% to 1...

This year's performance is outstanding.
Bloomberg Intelligence: Ringgit may become the worst-performing currency next year.
$USD/MYR (USDMYR.FX)$
The Ringgit has performed remarkably well this year, ranking top in the entire Asia region among currencies. However, Bloomberg Intelligence warns that all good things must come to an end. After the glory of this year, the Malaysian Ringgit may very likely become one of the worst-performing Asian currencies next year.
Bloomberg Intelligence pointed out the forecast and commentary on Asian currencies, mentioning that due to the "CSI 300 High Beta", they are more sensitive to the strengthening US dollar. Under the strong US dollar trend, the Ringgit is very likely to become one of the worst-performing currencies next year, just like the Korean Won.
Analysts pointed out that although the urgency of a rate cut in 2025 is limited, the return on the Ringgit may still be relatively low in the Asian region.
Furthermore, any increase in oil prices triggered by Middle East turmoil is believed to only serve as a temporary catalyst to support the recovery of the Ringgit.
Of course, the central bank may be more vigilant about capital outflows and the depreciation of the Ringgit compared to other central banks in Asia, as the central bank has always openly emphasized that the Ringgit has sufficient fundamentals and is severely undervalued.
In addition, domestic institutions also cooperate with the government, calling for more government-linked investment institutions (GLICs), government-linked companies (GLCs), enterprises, and investors to strengthen connections and encourage them to continue to bring Forex back to Malaysia.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and education purposes only, does not constitute any specific investment, investment strategy, or endorsement. Readers should bear any consequences resulting from relying on this content...

The final IPO of Bursa Malaysia in 2024 saw VStar Capital surge by 46%.
VStar Capital $WINSTAR (0336.MY)$ Jumping on the last bus at the end of the year, it opened with a bang on its first day of trading, surging by 46% or 16 sen, finally closing at 51 sen.
V Star Capital opened strongly at 49 cents this morning, with a 40% premium over the IPO price of 35 cents, or 14 cents, with the first transaction volume of 4.78 million shares.
The CEO, Mr. Cai Wenfeng, expressed to the media after the bell-ringing ceremony: "We are delighted with today's impressive stock price performance, which is largely due to the strong support from the market investors, enabling us to achieve such excellent results."
The stock price on its first day of listing once climbed to 56.5 cents, a 61.43% increase over the IPO offering price of 35 cents, or 21.5 cents.
Although the stock price later experienced a slight retreat, it closed at 51 cents at the end of the day, with a premium of 16 cents or 45.71%, and a trading volume of 82.36 million shares, making it the second hottest stock of the day.
At the same time, Cai Wenfeng is also confident in the company's prospects after listing.
He explained: "The booming development of domestic construction and property, as well as the potential opportunities for solar energy projects brought by the National Energy Transition Plan (NETR), are all favorable factors that can drive the company's growth."
"We believe that the company will be able to adapt quickly to market changes, develop new products, and expand into new niche markets."
The rise in aluminum prices is beneficial to the core business.
VStar Capital is a holding company with four subsidiaries, namely VStar Venture, VStar Asset Management, VStar Philanthropy Foundation, and VStar Financial Services, covering a wide range of industries such as asset management, venture capital, philanthropy, and financial services.

Adjacent to the MRT, the development of high-end apartments by Mah Sing Group amounts to 0.157 billion new XINJINGJI land purchase in Johor Bahru.
Mah Sing Group $MAHSING (8583.MY)$ Through its subsidiary, Mah Sing Group invested 0.1 billion 56.8 million Ringgit to acquire land from Sedar Group. $SPSETIA (8664.MY)$Pelangi Private Limited, a subsidiary, acquired land in Johor Bahru to develop the 'M Grand Minori' luxury apartment project.
According to the announcement, the land area is 5.99 acres, located in Taman Pelangi, Johor Bahru. The planned M Grand Minori project will include modern serviced apartments, as well as some retail units, with an estimated total development value (GDV) of 1.5 billion Ringgit.
M Star Group pointed out that the units in the M Grand Minori project are priced as low as 0.32 million 8000 Ringgit, targeting a diverse group of buyers, including first-time homebuyers, people looking to upgrade housing nearby, Malaysians working in Singapore, Singaporeans, and other foreigners.
"This is the 6th land acquisition for the group this year, and the 3rd land acquisition in Johor. The aforementioned land is located in the developed Rainbow Garden town, only 3 kilometers away from the SBS Transit (RTS) Bukit Chagar station."
Maxi Group, also known as, the development projects previously launched in Johor, including M Minori and M Tiara, have all received strong market support, coupled with the new SBS Transit in Johor...

Yang Zhongli and Shuangxiong rebounded by nearly 10% after being confirmed not to be prosecuted by the Anti-Corruption Commission.
Following the completion of the 1BestariNet investigation, YTL Communications, under Yang Zhongli, is confirmed not to be prosecuted by the Anti-Corruption Commission, resulting in a sharp rise of nearly 10% in the share price of Yang Zhongli and Shuangxiong this morning.
As of 10 a.m., Yang Zhongli's institutions rose by 19 cents or 8.88% to 2.33 Ringgit; the stock reached a high of 2.35 Ringgit in the morning session. $YTL (4677.MY)$ As of 10 a.m., Yang Zhongli's institutions rose by 19 cents or 8.88%, trading at 2.33 Ringgit; the stock reached a morning high of 2.35 Ringgit.
While Yang Zhongli's Electrical Utilities $YTLPOWR (6742.MY)$ rose by 29 cents or 7.92%, closing at 3.95 Ringgit; reaching 3.98 Ringgit during early trading.
Yang Zhongli's dual heroes have been on a crazy rising trend since last year, but since July this year, due to investigations by the anti-corruption agency into Yang Zhongli's Telecommunications, and reasons such as being deemed overvalued, the stock price has plummeted by half in the past six months.
However, entering December, the stock prices of the dual heroes have already rebounded from the bottom, with an increase of over 10% so far.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation. Readers should bear any risks and liabilities arising from relying on this content. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and consult professional advice if necessary. The author and related participants are not liable for any losses or damages caused by the use or reliance on the information contained in this article...

TENAGA is considering nuclear energy and hydrogen energy for power generation.
National Energy $TENAGA (5347.MY)$ The CEO Datuk Megat Jalaluddin said that TENAGA is considering nuclear energy and hydrogen as long-term energy sources.
He revealed today in Kuala Lumpur at a summit that they are collaborating with the national oil company to explore a 'new' fuel to enhance their power mix.
However, he also added that the company's current focus is on transitioning to Henry Hub Natural Gas in the mid-term first.
Last year, Malaysia raised its renewable energy deployment target to 70% of total electricity generation capacity by 2050, up from the previous target of 40%.
To achieve this goal, an investment of 637 billion Ringgit (approximately 142.5 billion US dollars) is expected, for investment in renewable energy generation resources, strengthening electrical grid infrastructure, enhancing transmission lines, energy storage system integration, and strengthening power grid system network operations.
Megajalaluddin stated that TNB plans to reduce carbon dioxide emissions concentration by five percentage points annually until 2050.
As of November, our country's Electrical Utilities consumption has increased by 7% year-on-year, exceeding the economic growth rate.
Data Source:
Nanyang Commercial Daily disclaimer: This content is for reference and Education purposes only, and does not constitute any specific investment, investment strategy, or endorsement. Readers should bear any risks and liabilities arising from reliance on this content by themselves. Before making any investment decisions, please conduct your own independent research and evaluation, and consult with professionals if necessary. The author and related parties disclaim all responsibility for any use or reliance on the content ...

Port freight volume surged in Malaysia. International shipping will continue the trend next year.
(Kuala Lumpur, 18th) As facing ongoing port congestion issues, major ports in Malaysia have experienced a surge in container throughput.
According to the report from Bernama, Westport Holdings $WPRTS (5246.MY)$ The container throughput in the first 9 months of this year has reached 8.11 million standard containers (TEUs), benefiting from the trade activities within the Asian region, accounting for approximately 66% of the total.
In terms of general cargo, Westport Holdings also handled 9.02 million metric tons of dry bulk and bulk commodities during the same period, including steel products, soybeans, corn, fertilizers, coal slag, and more.
As for Northport in Port Klang, it also achieved a new high this year. As of November 27th, a total of 3.33 million TEUs were handled, while the throughput of general cargo reached 11.42 million metric tons, similarly breaking records.
The trend is expected to continue, with shipping rates remaining high next year.
At the same time, market experts also predict that the global market's growth in shipping demand will continue until 2025, driven by factors such as potential tariff policies of the incoming US President Trump, along with the trend of rising shipping costs and expenses.
International shipping company - CMA CGM Taiwan branch director Lin John (transliteration), as well as maritime scholars and commentator Nazriqalif, told the Malaysian news agency that many trends significantly impacting the shipping industry in 2024 will continue into 2025.
"This includes the growth in demand for container shipping services, expansion of shipping volume, ...

(Kuala Lumpur, 17th news) With the revision of the open market value (OMV) and the introduction of targeted RBOB Gasoline subsidies, it is expected that the overheated auto market for several years will cool down, coupled with increasingly fierce competition, next year the profit prospects in the auto Industry will be bleak.
Lian Chang International analysts are no longer bullish on auto stocks, with the sector rating downgraded to 'Neutral', but still Bullish on Sime Darby. $SIME (4197.MY)$ ）。
Analysts point out that with the cancellation of subsidies and price valuation revisions, the total auto sales in 2025 are expected to decrease by 4% to 750,000 vehicles, however, this could accelerate the popularization of Battery electric vehicles (BEVs).
In terms of brands, the second domestic car should continue to take the lead and occupy the dominant market share.
As for net profit contribution, analysts are bullish on Senamei's increasing contribution, mainly due to the continuous expansion of its product portfolio, and expecting a 3% growth in the auto sector by 2025.
"We also expect that, driven by the increasingly fierce competition among new car releases, newcomers, and electric vehicle manufacturers, the adoption rate of pure electric cars will increase in 2025."
"The tax-free policy for imported car models will end in 2026, thereafter domestic assembly will dominate. Nevertheless, with the support of first-time buyers and the mass market, the demand for domestic brands such as Baoteng and the second domestic car is expected to remain strong."
The government plans to reserve subsidies for 85% of RON95 users in the 2025 fiscal budget to maintain the affordability of locally produced autos,...